“BREXIT will affect Kenya’s flower export trade” KFC
The CEO of Kenya Flower Council (KFC), Ms Jane Ngige was quoted in Kenya’s Standard Newspaper saying the country’s floriculture industry was bound to face harsher times with UK’s exit from EU.
“We are concerned because policies will change and this may result in new bilateral negotiations to access the UK market,” explained Ms Ngige.
The Brexit effect comes at a time when Kenya is facing an imminent loss of 3.8 million Euros if the EPA deal with EU is not signed before the August 1st deadline.
Over a third of the EU’s cut flower imports come from the Kenya. with the UK and the Netherlands, being the top destinations.
Kenya’s lifeline with regards to UK’s exit now lies in the fact that the two countries still enjoy good diplomatic ties so bilateral trade and investment are likely not to be disrupted much.