5 March 2021
The deal was signed on 4 March in Suriname by Surinamese Minister of Foreign Affairs, International Business and International Cooperation, Albert R. Ramdin, witnessed in London by the United Kingdom’s Minister for International Trade, Ranil Jayawardena.
Once applied, the Economic Partnership Agreement (EPA) will provide duty-free and quota-free access to the United Kingdom. The Agreement also includes the gradual liberalisation of tariffs on many UK exports to Suriname, including machinery, whisky and cars.
The EPA also provides generous market access for both sides on services trade, and has provisions on intellectual property, procurement, competition and other modern trade policy issues. This is important for the deepening of bilateral trade and investment relations between the United Kingdom and Suriname.
Suriname signs CARIFORUM-UK EPA miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
The commissioner noted that the bulk of flowers sold in the UK are imported from Kenya. Kenya has 70 percent of the flower market in the UK. Statistics indicate that every three seconds buyer in the UK receives flowers from Kenya. We have had good trade ties with Kenya and it can only get better, said Marriot.
The trade deal also targets florists who will be able to maintain tariff-free supply routes for Kenya’s high-quality flowers.
The CS said the UK market accounts for a significant percentage of total exports of vegetables from Kenya as well as cut flowers noting that the agreement will support Kenyans working in the sectors by maintaining tariff-free market access to the UK.
BRITAIN and India are close to signing an Enhanced Trade Partnership deal, a key step on the road to a Free Trade Agreement between the world s fifth and sixth biggest economies.