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Kenya cheers US withdrawal from TPP
02
Feb '17
The Kenyan ministry of trade has welcomed the US announcement of withdrawal from the Trans-Pacific Partnership (TPP) Agreement, as its duty free exports of textiles to the US, under the Africa Growth Opportunity Act (AGOA), would have hit Kenya bitterly. Under TPP, 12 other countries would have been eligible to export duty free to the US.

Earlier last year, Kenya and other AGOA signatory countries had lobbied to delay implementing TPP, which would have resulted in rivalry for duty free textile exports with 12 Pacific Ocean countries.

“The withdrawal from this trade agreement by Donald Trump is good news for Kenya, particularly the country’s textile industry,” Kenyan media reported, quoting the ministry of trade principal secretary Chris Kiptoo.

The country’s textile and apparel exports account for about 80 per cent of Kenya’s overall exports under the agreement. (AR)

Fibre2Fashion News Desk – India


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