Describe the steps taken by any one east African country (Tanzania) to develop her import and export trade since independence.

Describe the steps taken by any one east African country (Tanzania) to develop her import and export trade since independence.

Since gaining independence in 1961, Tanzania has implemented various strategies to develop its import and export trade. Here are some key steps:

Trade Policy Reforms

Trade Liberalization: Tanzania has progressively liberalized its trade policies, reducing tariffs and non-tariff barriers to encourage international trade.

National Trade Policy: The implementation of the National Trade Policy aims to enhance trade competitiveness and promote industrial-led economic transformation.

Export Promotion

Diversification: Efforts have been made to diversify export products beyond traditional commodities like coffee and tea. Tanzania has expanded into exporting minerals, fish, and horticultural products.

Value Addition: The government has encouraged value addition to raw materials before export, increasing the market value of Tanzanian products.

Export Processing Zones (EPZs): Establishment of EPZs has provided incentives for businesses to produce goods for export, including tax breaks and infrastructure support.

Infrastructure Development

Transport Infrastructure: Investments in improving road, rail, and port infrastructure have been crucial in facilitating trade. Better transport networks have reduced the cost and time of moving goods.

Port Development: Upgrading and expanding port facilities, particularly at the Port of Dar es Salaam, has been essential in handling increased trade volumes.

Trade Facilitation

Customs Modernization: Modernizing customs procedures and adopting electronic systems have streamlined the import and export processes, reducing delays and costs.

Trade Agreements: Tanzania has entered into various bilateral and multilateral trade agreements to enhance market access for its products. Membership in regional trade blocs such as the East African Community (EAC) and the Southern African Development Community (SADC) has facilitated easier access to regional markets.

Institutional Support

Tanzania Trade Development Authority (TanTrade): TanTrade was established to promote and support Tanzanian exports through market research, trade fairs, and capacity building for exporters.

Financial Support: The government has provided financial support and incentives to exporters, including export credit guarantees and subsidies.

These steps have collectively contributed to the growth and development of Tanzania’s import and export trade, making the country more competitive in the global market.

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Thanks

Dr. Bbosa Science

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