The United Arab Emirates and Kenya have concluded a comprehensive economic partnership agreement (CEPA), UAE Minister of Foreign Trade Thani Al Zeyoudi said on Friday.
"We will now look to expand across sectors from food production and mining to technology and logistics," he said of the agreement.
UAE state news agency WAM quoted Kenya's trade minister Rebecca Miano as saying the deal would play an important role in enabling Kenyan exports to reach important markets in Asia and the Middle East and "in stimulating investment inflows that will further develop our national capabilities".
The CEPA will have significant positive impact on accelerating investment flows in high potential areas such as logistics, healthcare, travel and tourism, infrastructure, and ICT, and will offer a platform for SME cooperation and expansion on both sides, WAM said.
