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 (122)

  • 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 (11)

  • Projesan Hospital Furniture Co

    Projesan Hospital Furniture Co

    Hospital Furniture, Tanzania

    Our Product include, hospital bed, bedside cabinets, over bed tables,strechers, trolleys,stainless steel products for operation...
  • 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,...

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...

News Related to International Trade in Tanzania

  • Tanzania to shut part of wildlife preserve to big game hunters - Jul 28, 2019

    Tanzanian President John Magufuli on Friday ordered the sprawling Selous Game Reserve, aUNESCO World Heritage site, to be split in two to restrict the access of big game hunters.

    Source: Reuters

  • Tanzania says elephant, rhino populations rebounding after anti-poaching crackdown - Jul 14, 2019

    Elephant and rhino populations in Tanzania have begun to rebound after a government crackdown dismantled organized criminal networks involved in industrial-scale poaching, the country's presidency said.

    Source: Reuters

  • Tanzania VAT changes - Mar 27, 2019

    The updated Tanzanian VAT Act will extend VAT to a new range of supplies. The current Tanzanian VAT rate is 18%. Non-life insurance is no longer VAT exempt Exports are now fully VAT exempt

    Source: VAT Live