On January 14, President William Ruto and UAE President Sheikh Mohamed bin Zayed Al Nahyan signed the Kenya-United Arab Emirates Comprehensive Economic Partnership Agreement (CEPA), touted as the UAE’s first such deal with a mainland African country. Kenya’s Ministry of Foreign Affairs termed it a “transformative step in enhancing trade, investment, and economic cooperation.” But as with most trade deals, experts will tell you the devil is in the details. Unlike conventional trade agreements that reduce tariffs and open markets, the Kenya-UAE CEPA lacks clear provisions on market access. Without tariff dismantling, Kenya could still trade with the UAE under…
Author: by EDGAR ODARI
Even if there is no patent on a medicine, generic versions still cannot be approved by the Pharmacy and Poisons Board in Kenya for a period of five years. The cost of the branded drug covered by the exclusivity clause can then be raised multiple times.On fourteenth January of this year, President William Ruto and His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates (UAE) signed a Comprehensive Economic Partnership Agreement (CEPA) between their respective countries. The agreement has been hailed as being the first agreement of its kind signed by the UAE with a…