International Trade in Tanzania

International Trade in Tanzania

In the last three years, Tanzania recorded a high GDP growth (around 7%), due to the recent oil and natural gas exploitation, to the increase in raw material prices, to the cancellation of its debt (Highly Indebted Poor Countries Initiative), and to the implementation of a liberalization... Read more

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Market Analyses About Tanzania (23)

Import and Export Services in Tanzania (83)

  • FINBIZ Auditors, Accountants & Analysts
    About Us:   FIN-BIZ AUDITORS, ACCOUNTANTS &  ANALYSTS  is a fully Registered Audit firm with BRELA and the...
  • siginon logistics e.a. ltd

    siginon logistics e.a. ltd

    Customs Brokerage, Tanzania

    we deal with consolidation from all over the world serving zambia,rwanda,burundi,congo,malawi,uganda,mozambique,zimbbabwe we handle...

Business Tips About Tanzania (13)

Agents and Distributors in Tanzania (4)

  • P&D TWINS DISTRIBUTORS LTD

    P&D TWINS DISTRIBUTORS LTD

    Export Management, Tanzania

    We offer full circle distribution solutions. On the P&D TWINS has developed world-class distribution capabilities, systems,...
  • hgz technologies

    hgz technologies

    Import Export Software, Tanzania

    The Company provides software products, IT services and Business Process Outsourcing (BPO) for a variety of industry verticals including...

Overview About International Trade in Tanzania

Economic Overview

In the last three years, Tanzania recorded a high GDP growth (around 7%), due to the recent oil and natural gas exploitation, to the increase in raw material prices, to the cancellation of its debt (Highly Indebted Poor Countries Initiative), and to the implementation of a liberalization program.  However, the global crisis provoked a growth slowdown due to the decrease of capital and tourism inflows and the decline in exports.  From 6% in 2009, the growth rate has slightly increased again in 2010 with the revival (6.5%) and it should continue to consolidate.  Tanzania's obsolete infrastructure, insufficient hydro-electric power generation, and adverse climatic conditions are some of the factors that limit its economic growth. The country remains heavily dependent on foreign aid. 

 

In June, 2010, the government settled a three-year cooperation agreement with the IMF (framework of surveillance policy).  The program emphasizes the increase of public services supplies, especially investments in road infrastructures.  Priority is also given to the reinforcement of debt management.  Structural reform aims to improve the financial sector as well as the management of publi...

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