NewsMoses Kuria Condemns Egypt, Sides With Museveni in Trade...

Moses Kuria Condemns Egypt, Sides With Museveni in Trade Row

-

- Advertisment -spot_img

  • Trade Cabinet Secretary Moses Kuria, on Friday, November 25, denounced Egypt over what he termed as unfair treatment of Kenya in trade relations. 

    Kuria claimed that Egyptian authorities were unjust to Kenya due to their sustained subsidy policy put in place to help companies. 

    The subsidies, according to the CS,  have far-reaching consequences which clamp down on businesses in Kenya and the region by extension. 

    He added that the exemption from excise duty, a condition set by the Common Market for Eastern and Southern Africa (COMESA) trade protocols, aggravated the matter.

    An image of Uhuru
    Former President Uhuru Kenyatta (centre left) and his Egyptian counterpart Abdel Fattah Al-Sisi (centre right) meeting on Sunday 4 October 2020.
    Twitter

    “It is unfair for Egypt to continue subsidising their companies that are exporting duty-free to the COMESA region,” Kuria stated on his social media pages. 

    Henceforth, he vowed to push for the imposition of excise duty on Egyptian products and join hands with Kenya’s neighbour, Uganda, in voicing reservations about the protocols during an upcoming meeting in Lusaka, Zambia. 

    “Kenya will join Uganda in imposing Excise duties on such products. We will jointly raise this issue during the COMESA Trade Ministers Meeting in Lusaka next week,” he added. 

    Egypt is among the biggest economies in the regional trade bloc, bringing together 21 nations in Eastern and Southern Africa. 

    In 2021, the North African nation accounted for the lion’s share of trade values in terms of exports to COMESA nations. 

    According to Egypt Independent, the value of Egyptian imports from COMESA members amounted to Ksh110 billion in the first nine months of 2021. 

    Since his appointment, CS Kuria has been vocal about reducing the trade imbalance between Kenya and its trade partners. 

    The CS embarked on an objective to enhance manufacturing in Kenya as one of the ways to reduce the gap between Kenya’s exports and imports. 

    Moses Kuria during the launch of Green Triangle Cement at Athi River
    Moses Kuria during the launch of Green Triangle Cement at Athi River
    Twitter
    EA Portland Cement PLC
  • Source: kENYANS.CO.KE

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Latest news

    KEBS Boss Responds to CS Linturi & Reveals Fresh Twist in Fertiliser Scandal

    Tensions escalated in the ongoing controversy surrounding the sale of supposedly fake fertiliser, as the Kenya Bureau of Standards...

    Kenya's History of Plane Crashes Involving Top Officials

    The crash of a military helicopter that killed Chief of Defence Forces Francis Ogolla and 11 other service members...

    State House Employee Arrested

    A senior government official working as the Deputy Director of Programmes, Public Policy and President's Priority Initiatives has been charged.  In...

    đź”´Murkomen on Expressway Design Flaw, Nairobi Meat Flagged

    Hello and welcome to the Tuesday edition of the Evening Brief Newsletter where the government has responded to the...
    - Advertisement -spot_imgspot_img

    đź”´The Golden Scandal, Changes for Payroll

    Hello and welcome to the Monday edition of the Evening Brief Newsletter where a golden scandal is evolving while...

    Miguna Pinpoints 5 Decisions Where Ruto Has Failed

    Controversial lawyer Miguna Miguna has turned against President William Ruto over a series of decisions he termed as costly...

    Must read

    KEBS Boss Responds to CS Linturi & Reveals Fresh Twist in Fertiliser Scandal

    Tensions escalated in the ongoing controversy surrounding the sale...

    Kenya's History of Plane Crashes Involving Top Officials

    The crash of a military helicopter that killed Chief...
    - Advertisement -spot_imgspot_img

    You might also likeRELATED
    Recommended to you