HomeBusinessMoses Kuria Blasts Egypt, Backs Uganda in Trade Conflict

    Moses Kuria Blasts Egypt, Backs Uganda in Trade Conflict

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    On Friday, November 25, Kenya’s Cabinet Secretary for Trade, Moses Kuria, criticized Egypt for what he called their unjust treatment of Kenya in trade.

    Kuria argued that Kenya had been treated unfairly by Egyptian authorities owing to Egypt’s ongoing subsidizing strategy for businesses.

    The CS claims that the subsidies have far-reaching repercussions that restrict trade in Kenya and the region.

    On his social media accounts, Kuria said, “It is wrong for Egypt to continue subsidizing their enterprises that are exporting duty-free to the COMESA region.”

    He went on to say that the situation was made worse by the fact that COMESA trade procedures required an exemption from excise duty.

    Going forward, he plans to work with Kenya’s neighbor, Uganda, to express concerns about the protocols at a forthcoming conference in Lusaka, Zambia, and to advocate for the introduction of an excise tax on Egyptian imports.

    Among the 21 member states that make up the Eastern and Southern Africa Free Trade Area, Egypt has a sizable economy.

    The value of North Africa’s exports to the countries of the COMESA region was particularly high in 2021.

    For the first nine months of 2021, COMESA member countries supplied Egypt with goods worth Ksh110 billion, as reported by Egypt Independent.

    Since he took office, CS Kuria has been an outspoken advocate for narrowing Kenya’s shortfall with its trading partners.

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