Yesterday, 30 July 2024, marked a historic milestone for Tanzania’s trade landscape. The Government of the United Republic of Tanzania, through the Ministry of Industry and Trade, in collaboration with TradeMark Africa (TMA), launched the Tanzania National Trade Policy (NTP) 2023 Edition. This policy represents a significant advancement in Tanzania's trade development, emphasising enhanced policy coherence, robust legal and regulatory frameworks, and improved institutional coordination. Supported by funding from UK International Development, Norway, and Ireland, TMA has been instrumental in formulating this policy. TMA’s contributions included providing consultancy services, facilitating stakeholder engagements, and conducting zonal validation workshops. The NTP 2023 addresses critical areas such as domestic trade growth, global trade shocks, and trade integration. This comprehensive Policy aims to fortify Tanzania's trade environment, ensuring sustainable economic growth. Speaking at the launch event, Elibariki Shammy, TMA Country Director Tanzania, remarked, "We have gathered here today because the National Trade Policy of 2003 has been revitalised. This is an important milestone in rethinking how Tanzania trades with other countries and, most importantly, how trade functions within the country. It has been 20 years since 2003, and much has changed. We have seen increased diversification and expansion of markets through bilateral, regional, and multilateral trade negotiations. We have witnessed increased global shocks, conflicts, emerging technologies such as artificial intelligence, and the growing need to embrace e-commerce.’’ Mr Shammy further disclosed that climate change is increasingly central to trade talks, and gender and youth considerations are essential aspects of modern trade policies. And added,...
Tanzania Government and TradeMark Africa Launches National Trade Policy to Boost Global Competitiveness
Posted on: July 31, 2024
Posted on: July 31, 2024