An agreement has been signed by TradeMark East Africa (TMEA) that they will launch a system that directly eliminates paperwork and bring enlargement of the visibility of the supply chain between the UK and Kenya.
The UK-Kenya Trade Logistics and Information Pipeline (TLIP) digital trade corridor is expected to see increased bilateral trade that would benefit the entire East African Community (EAC).
The UK-Kenya Trade Logistics and Information Pipeline (TLIP) digital trade added bilateral trade that profits the East African Community (EAC).
The Cabinet Secretary for Trade in Kenya, Adan Mohamed, said:
“We look forward to seeing the better future of this partnership grow our trade balances. What is even more significant is the role it is going to play to support small and medium-sized enterprises.”
Frank Matsaert, TMEA CEO created a transparent, efficient, and cost-effective way of managing and supporting trade information. The AfCFTA growing trade within the continent was also supporting global trade.’
For more than 2 decades the trade between UK and Kenya has been growing.TMEA, the TLIP digital corridor system is expected to further accelerate this growth by:
- Reducing administrative procedures and import and export by at least 30%
- Over 40% turnaround where reduced.
- Reducing compliance costs by 20%
- Reduce duplication in the trading process by as much as 50%
Cost from the Kenyan firms producing goods like green vegetable export to the UK, reducing prices for UK consumers, importers, and retailers were reduced by TLIP.
Exports from the UK will be of great help to access one of Africa’s fastest-growing markets. UK experienced all the Benefits from Africas fastest-growing market.
About TradeMark East Africa (TMEA)
TradeMarkEast Africa is an Aid-for-trade organization with regional bodies such as the East Africa Community, private sector, and civil society organizations.
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