Xinhuanet Nairobi, February 13 (Reporter Lu Natural) The Kenyan government approved the establishment of the country’s first free trade zone in the eastern coastal city of Mombasa on the 13th.
The Kenyan government issued a statement on the same day saying that the establishment of a free trade zone is expected to increase and strengthen intra-regional trade in Eastern Africa, Central Africa and Southern Africa through tax exemptions for commodity transactions.
The statement said that businesses in Kenya and the region will be able to purchase in the new duty-free zone without having to travel to traditional destinations such as the UAE, China and Japan.
It is reported that the Kenyan government has reserved 3,400 square kilometers of land for the development of free trade zones, of which Mombasa covers an area of about 2,000 square kilometers. In addition to Mombasa, the Kenyan government is also preparing to establish a free trade zone in the western city of Kisumu and Lamu in the eastern coastal areas, each covering an area of 700 square kilometers.
Responsible Editor: Liu Yang