UK and China sign agreement to expand trade and economic co-operation with Kenya

Kenya, UK and China trade agreement
New UK and China agreement expands trade & economic cooperation with Kenya. Photo: Twitter/UKinKenya

Today (July 19), the United Kingdom and China signed an agreement to expand trade and economic co-operation with Kenya.

Signed on behalf of the UK by High Commissioner to Kenya Nic Hailey, who had earlier signed an MOU with the Newton Fund, this agreement cements the Global Partnership between Britain, China and Kenya.

This could be just the start of co-operation between the UK and China with the vote to leave the European Union reportedly opening the door to a trade deal between the two countries.

Xing Houyan, from the state supported Chinese Academy of International Trade and Economic Cooperation, claimed the “situation in Western Europe will push China and the UK to make a trade treaty”.

While speaking at the Hong Kong chamber of commerce, former Waitrose boss Lord Price claimed the two nations working together could “create a second Elizabethan golden age”.

“I’m optimistic about the future: particularly in helping create a second Elizabethan Golden Age.

“The first Golden Age was based on peace, prosperity, new trading markets and a flourishing of the arts.

“There’s also a prospect for striking new deals with Canada, New Zealand and Australia which could form the beginning of a Commonwealth trading pact.

“And to the opportunities in the East, where for centuries British merchants have traded with China for tea, white gold and porcelain as well as with Japan, South Korea and other Asian nations.” – Lord Price

He also said the UK is working towards “a continued close trading relationship with Europe”.