Pakistan has removed the contentious attestation tariff on Kenya’s tea export, which will improve trade collaboration between the two countries.
According to Industrialization, Trade, and Enterprise Development Cabinet Secretary Betty Maina,
Pakistan is the largest buyer of Kenyan tea.
Speaking during a press briefing with Pakistan High Commissioner to Kenya Saqlain Syedah on Tuesday, the two leaders paved the way for improved trade collaboration with the removal of the tea export levy to Pakistan.
Pakistan formally removes the contentious attestation fee charged on Kenya’s tea export documents paving way for improved trade collaboration between the two countries.said Maina.
Pakistan imported tea worth Ksh.38 billion in 2020.
Further, CS Maina is optimistic with the gradual easing of coronavirus-imposed restrictions sales are set to increase this year.
By May this year, Pakistan had already purchased Kenyan tea worth Ksh.20 billion through the Mombasa Tea Auction.
Additionally, the removal of the attestation Fee on Kenyan exports puts the Pakistan Packers most dominant in the sector.
This comes barely a week after auction prices remained above Ksh.Sh221.12 mark for the second week signaling a boost for tea farmers.
Kenya Tea Development Agency (KTDA) posted a marginal improvement of tea prices from its factories at the Mombasa Tea Auction early last month.
The agency sold at an average of Khs.267.35 per Kg compared to Ksh. 251.95 at the previous auction.
The Authority attributed the decline to industry positively embracing the minimum price regime introduced in July this year.