Deal Signed to Launch New UK-Kenya Digital Trade Corridor
Date 2021/7/28 13:04:02 | Topic: Kenya
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TradeMark East Africa (TMEA), and the Institute of Export and International Trade (IOE&IT) have signed a Memorandum of Understanding, which provides a framework for collaborating to implement a digital trade corridor between the UK and Kenya.
The initiative, the ‘UK-Kenya Trade Logistics Information Pipeline' (TLIP), aims to eliminate paperwork and introduce much better visibility up and down supply chains that flow between Kenya and the UK. It will cut costs for Kenyan firms producing goods like green vegetables and cut flowers for export to the UK, reducing prices for UK consumers, importers and retailers. UK exporter will also be able to benefit from better access to one of Africa's fastest growing markets.
TLIP is the first digital trade corridor to be established between the UK and a developing country since the UK's exit from the European Union. Indeed, TLIP is strongly aligned with the Economic Partnership Agreement (EPA) signed at the end of last year between the UK and Kenya.
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