Gold and oil.
Trade Union' Congress of Tanzania was created in 2000.
people in Tanzania trade coffee, beans, raw, cotton, sisal, tobacco, cloves, and diamonds.
Tanzania's foreign trade policy focuses on promoting exports, diversifying its trade partners, and enhancing competitiveness in regional and global markets. The government aims to facilitate trade through the implementation of various trade agreements, such as the African Continental Free Trade Area (AfCFTA) and the East African Community (EAC). Additionally, Tanzania seeks to improve infrastructure, streamline customs procedures, and support local industries to boost economic growth and attract foreign investment. Overall, the policy emphasizes sustainable development and the reduction of trade barriers.
Some people sneak in goods from other countries and at the same time export TANZANIA’s products to such countries through the black market. Such trade is detrimental to the economic growth of the country because such traders avoid paying taxes.
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Financial markets have an important role in Tanzania. The markets have helped with the trade market, foreign exchange, and stock markets. The financial markets also provide people a place to invest.
Port of Dar es Salaam handles 95% of the countries international sea trade
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By aligning its national laws with the international treaties developed by WIPO, Tanzania can trade in IP much more easily. This can mean increasing copyright value for its creators, easing the distribution of patented medications, and more.
Hon. Abdallah Kigoda MP holds the portfolio of Minister of Industry and Trade in the cabinet of Tanzania.
Tanzania