UK to offer Rwanda tariff-free trade deal if EPAs fails
Tuesday October 2 2018
Rwanda currently exports agriculture commodities to different European countries. PHOTO | CYRIL NDEGEYA
The United Kingdom will consider a tariff-free trade deal with Rwanda if the Economic Partnership Agreement (EPA) between the East African Community and the European Union is not signed by 2020.
This comes at a time when many developed countries are keen to pivot away from a long-standing strategy that focused on providing development aid, to instead focus on trade partnerships — a move that experts say emulates China.
The UK, a European powerhouse, now plans to increase its investments across Africa through bilateral and regional pacts when it officially breaks away from the European Union in March 2019, officials say.