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Transforming UK-East Africa Trade: Prof. Khorana’s Insights at the UK-Africa Summit 2024 🌍💼

At the UK-Africa Business Summit, Professor Sangeeta Khorana shared valuable insights on how post-Brexit UK is redefining its trade relationship with East Africa. From blockchain-based trade systems like TLIP to the challenges of protectionism, explore the future of UK-EA trade relations.

How Global Britain Is Transforming Trade with East Africa: Insights from Professor Sangeeta Khorana at the UK-Africa Summit

At the UK-Africa Business Summit, Professor Sangeeta Khorana of Aston Business School discussed the future of trade between the UK and East African nations post-Brexit. As part of Britain’s “Global Britain” initiative, Professor Khorana highlighted key agreements, such as the Economic Partnership Agreement with Kenya, while also outlining challenges in implementation and the need for operational efficiency to fully capitalize on these deals.

 

A New Era of Trade Relations

The concept of “Global Britain,” born post-Brexit, was designed to redefine the UK’s trade dynamics by shifting focus away from the EU and creating global partnerships. One standout success is the Economic Partnership Agreement between the UK and Kenya, a deal that promises reduced barriers and increased trade. However, Professor Khorana stressed that true success lies in how well these agreements are put into practice, reducing trade frictions and ensuring benefits reach consumers and businesses alike.

 

UK-Africa Projects Driving Change

Key initiatives such as the UK-Kenya Trade Logistics Information Pipeline (TLIP) demonstrate the UK's commitment to improving trade relations with East Africa. The TLIP project uses blockchain technology to streamline trade and has already shown significant reductions in costs and administrative burdens. This initiative focuses on critical sectors such as tea, coffee, and flowers, with the potential to expand into other agricultural exports.

 

Overcoming Barriers: AfCFTA & Protectionism

Despite efforts like the African Continental Free Trade Area (AfCFTA), protectionism remains a challenge in East Africa. Professor Khorana noted that while AfCFTA aims to unify African trade, inconsistent regulations continue to hinder progress. Nonetheless, growing regional collaboration is a sign of hope.

 

Embracing Digital Integration

Looking ahead, Professor Khorana argued that digital trade is key to future growth. She urged African countries to embrace digital infrastructure to fully benefit from free trade agreements. Without this shift, there is a risk that Africa could fall behind in the increasingly digital global economy.

 

In conclusion, the UK’s efforts under the Global Britain banner are making strides, but true progress will require public-private collaboration, digital transformation, and operational excellence in trade agreements with East African nations.

 

Professor Khorana’s Remarks:
Watch Professor Khorana's full video here: https://youtu.be/QU_CLKblZpg

Session: Driving Growth Through Diplomacy:

6 Videos

We’re excited to share photos and videos from the 2024 UK-Africa Summit. Relive the insights and discussions by visiting the links below:

📸 Photos: https://ukafricabusinesssummit.uk/gallery2024/
🎥 Videos: https://www.youtube.com/playlist?list=PLP5ZIVjtJUVFDTerb0CpufJZ8znfMHilw
🌐 Main YouTube Channel: https://www.youtube.com/@ukafricabusinesssummit
📸 Google Drive photo: https://ukeacsummit.uk/

Don’t miss the chance to register for the 2025 Summit! Secure your spot early: https://ukafricasummit2025.eventbrite.co.uk.

Thank you for your continued support. Together, we can drive impactful change!

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