By David Musyoka NAIROBI (Xinhua) --
Kenya has started negotiations with
Britain to maintain its market shares as the latter prepares to
leave the European Union (EU).
of International Trade Chris Kiptoo told Xinhua in a telephone
interview that informal trade negotiation has started between
the two countries.
“We have started
talks with UK officials as part of ensuring we have maintained
our market once the country formally leaves EU. The talks are
going on at both ends, but formal discussion will start once UK
formally exits EU,” said Kiptoo.
As time nears for
Britain to leave the EU formally, Kenya is compelled to devise
new ways to maintain its market share in the EU and in Britain.
Britain occupies the
fourth position in terms of export destination of Kenyan goods
after Uganda, the Netherlands, and the United States. Out of the
total Kenyan exports to the EU market, Britain enjoys a
20-percent share, underscoring the need for the Kenyan
government to renegotiate the trade deals.
According to the
Economic Survey 2016, Kenya exported goods to EU market worth
145.9 billion Kenya shillings in 2015, out of which 40.6 billion
went to the Britain market alone.
Kenya exports to the
EU market flowers, French beans, cowpeas, coffee, and tea.
Currently Kenya is the main supplier of cut flowers to the EU
with about 40-percent market shares, beating Colombia, Ecuador
Kenya exported a
total of 133,658.3 tonnes of cut flower, earning 70.8 billion
shillings, or 70 percent of the 2016 horticultural earnings. The
volume of cut flower sold over the period was 8.8 percent higher
than in the previous year.
Kenya is not the
only African country that will have to negotiate new trade deals
with the EU and Britain. After formally exiting the EU, Britain
will have two years to renegotiate trade agreements with African