Tanzania, a member of the East African Community (EAC), mainly exports agricultural products to Europe, however the share of exports to Europe are expected to fall in the medium to long-term. The share of exports to the Asia are expected to increase, with the likes of India and China particularly experiencing a greater increase in share of imports from Tanzania. Tanzania’s major imports include machinery and technical equipment from Europe. The largest trading partners are China, Japan, India, Germany, UAE.
Opportunities for UK businesses
The United Republic of Tanzania is located on the east coast of Africa, bordered by eight countries including Kenya, Uganda, Congo and Mozambique. The economy is relatively diversified and a number of opportunities remain untapped in many sectors thus offer a wide range of opportunities to UK businesses. In order to achieve the Government of Tanzania’s goal of becoming a middle income country by 2025, Tanzania will need to restructure its economy which is currently agriculture based. Tanzania’s structural transformation will not only require large productivity gains in the agricultural sector, but also necessitate increased participation from other sectors such as services and industries. Opportunities also exist in the following sectors, infrastructure, telecommunications, manufacturing and construction.
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