{"id":71677,"date":"2023-06-21T00:00:00","date_gmt":"2023-06-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/06\/21\/eu-kenya-sign-landmark-trade-pact-with-potential-to-expand-to-afcfta-malaysian-logistics-firm-to-develop-first-ammonia-powered-engine-for-deep-sea-vessels-plus-mars-uk-slashes-logistics-carbon-e\/"},"modified":"2023-06-21T00:00:00","modified_gmt":"2023-06-21T00:00:00","slug":"eu-kenya-sign-landmark-trade-pact-with-potential-to-expand-to-afcfta-malaysian-logistics-firm-to-develop-first-ammonia-powered-engine-for-deep-sea-vessels-plus-mars-uk-slashes-logistics-carbon-e","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/06\/21\/eu-kenya-sign-landmark-trade-pact-with-potential-to-expand-to-afcfta-malaysian-logistics-firm-to-develop-first-ammonia-powered-engine-for-deep-sea-vessels-plus-mars-uk-slashes-logistics-carbon-e\/","title":{"rendered":"EU, Kenya sign landmark trade pact, with potential to expand to AfCFTA + Malaysian logistics firm to develop first ammonia-powered engine for deep sea vessels. PLUS: Mars UK slashes logistics carbon emissions"},"content":{"rendered":"

<\/span>The EU and Kenya have inked a trade agreement that will give Kenya access to the <\/span>EU without duties or a required quota<\/span>, with prospects of further Eastern African countries to join, <\/span>Bloomberg<\/a><\/span> reports<\/span>.The agreement, which comes into force in the beginning of 2024, will allow Kenyan exports to have access to the 28 markets in the EU bloc, though it will reciprocate terms \u201clater and gradually,\u201d Bloomberg quotes negotiators as saying. The agreement will promote Kenyan agriculture exports to the EU and aim to draw European companies to set up their operations to process raw materials in Kenya, according to the outlet. <\/span><\/p>\n

\u201cThe agreement is also open to other East African members,\u201d<\/span> such as Burundi, Rwanda,Tanzania and Uganda, European Commission Executive Vice-President and Commissioner for Trade, Valdis Dombrovskis reportedly said at a ceremony in Nairobi, according to the outlet. <\/span>Kenya will engage other East African countries to join the pact, according to Kenyan President William Ruto.<\/span><\/p>\n

And could potentially expand to include AfCFTA:<\/span> \u201cHopefully we can also take this all the way to the Africa Continental Free Trade Area so that we can build a bigger market, build a bigger consensus and be able to do more with the populations that exist between Europe and Africa,\u201d Ruto said. <\/span><\/p>\n

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Malaysia's MISC Group to develop first <\/span>ammonia-powered engine for deep sea vessels: <\/span>Malaysian logistics company MISC Group has signed an agreement to develop the world\u2019s first ammonia engines for deep sea ships, <\/span>Reuters<\/a><\/span> reports, citing a company statement. MISC-owned AET and Akademi Laut Malaysia (ALAM) signed the agreement with Switzerland-based diesel and low-gas engine manufacturer Winterthur Gas & Diesel (WinGD). ALAM, which says the new engines will help decarbonize the global shipping industry, also signed an agreement with shipping classification society and maritime industry advisor DNV to upskill workers in the maritime sector on low carbon and net zero technologies, according to the newswire.<\/span><\/p>\n

ALSO WORTH KNOWING-<\/span><\/p>\n