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Why Africa trade deal is significant for Kenya

Published on July 13, 2015

Economic researchers and a manufacturers’ lobby are upbeat that Kenya stands to gain from a regional trade agreement launched in Egypt a fortnight ago. They rule out any misgivings raised in some quarters about the benefits to be realised from the Tripartite Free Trade Area (TFTA) that brings together 26 countries.

Opponents of the deal say similarity of the goods produced and exported by the TFTA member countries make the agreement economically untenable as the benefits that could be derived because of comparative advantage are reduced. The agreement was sealed in the Egyptian city of Sharm El Sheikh by three regional integration organisations—the Common Market for Eastern and Southern Africa (Comesa), East African Community (EAC) and the Southern Africa Development Community. Read more. Source | Media Max