Theresa May: Britain Committed To Free Trade With Kenya After Brexit - FOW 24 NEWS

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Theresa May: Britain Committed To Free Trade With Kenya After Brexit

Britain is committed to free trade with Kenya after it leaves the European Union, British Prime Minister Theresa May said on Thursday on a visit to Nairobi.

May, speaking on the third stop of a trip to Africa, said she would want Britain to become the biggest investor on the continent out of the world’s richest nations.

“As Britain prepares to leave the European Union we are committed to a smooth transition that ensures continuity in our trading relationship with Kenya, ensuring Kenya retains its duty free quota free access to the UK market.”

May also announced Britain would set up a cyber center in Nairobi to help authorities fight online child sex abuse by tracking the sharing of abusive images on the internet.

The EU is currently Britain’s biggest trading partner. Skeptics say closer ties and more trade with Africa will do little to offset the economic impact of Brexit.

Total trade with Nigeria, South Africa, and Kenya, the three nations on her tour this week, amounted to just over 13 billion pounds in 2016, official British figures show, compared with 554 billion pounds of trade with the EU that year.

The prime minister has used her first official visit to the region of more than one billion people to stress that Britain’s relationship with former colonies, including Kenya and other African nations, is increasingly focused on private investment, not on aid.

In Nigeria, Africa’s biggest economy and most populous nation, May also promised closer commercial ties and promoted the longstanding presence of British companies in the country.

Britain is Kenya’s largest trading partner and a major market for its exports of cut flowers. The rapidly expanding agriculture sector is Kenya’s biggest foreign exchange earner and a big source of jobs.

Kenyan President Uhuru Kenyatta, speaking alongside May at a news conference, said he welcomed her assurance that Kenyan duty free exports would continue after Brexit and said Kenya would be pressing for an increase in exports.

Kenyatta said two agreements signed on Thursday-one to enhance military cooperation, the other for Britain to return assets and proceeds of corruption to Kenya-indicated the close ties between the two countries.

Kenyatta, who was re-elected for a second term after a bloody and prolonged elections season, said his government’s fight against graft was important for national unity and his legacy.

Corruption drains billions of dollars from the state every year in Kenya, and foreign businessmen complain it is hard to get things done without paying bribes.

Margaret Thatcher was the last British prime minister to visit Kenya, in 1988.
Theresa May: Britain Committed To Free Trade With Kenya After Brexit Reviewed by FOW 24 News on August 30, 2018 Rating: 5 Britain is committed to free trade with Kenya after it leaves the European Union, British Prime Minister Theresa May said on Thursday on a...

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