Dar es Salaam, September 15, 2011
Today the Government of the United Republic of Tanzania, represented by the Acting Permanent Secretary Ministry of Finance (MoF), Dr. Servasius B. Likwelile signed a Memorandum of Understanding (MoU) with Frank Matsaert, the Chief Executive Officer of TradeMark Africa (TMA).
The MoU outlines commitment by TradeMark Africa (TMA) to provide US$ 56 million, between 2011 and 2015 to deliver support through, financial aid, technical, capacity building and logistical support to Tanzania aimed at promoting regional integration and trade competitiveness.
In delivering this support TradeMark Africa (TMA) aims to assist Tanzania through:
- A reduction in cross border transit, transport and related costs along the key corridors in East Africa.
- Supporting Ministries, Agencies and other Departments (MDAs) to substantially increase the implementation of a comprehensive framework for regional integration.
- Engaging private sector and civil society to positively influence regional integration policies and practices for growth in trade.
As stated by the Acting Permanent Secretary Ministry of Finance, Dr Servasius B. Likwelile, The Government of the Republic of Tanzania is grateful for this support that promotes Tanzania’s trade competitiveness and focuses on key infrastructure projects that will make will improve trade facilitation in Tanzania.
TradeMark Africa (TMA) will support Tanzania’s integration into the EAC by implementing programs that will lead to removal of barriers to intra regional trade through reduction in transport time and costs, speeding up border crossings, strengthening policymaking and implementation of the EAC protocols, particularly the Common Market. As well, working closely with governments, private sector and civil society, TradeMark Africa (TMA) programs will seek to improve trade facilitation and promoting market linkages within the region.
Source: TradeMark Africa (TMA)
TradeMark Africa (TMA) is an aid-for-trade organisation that was established with the aim of growing prosperity in East Africa through increased trade. TradeMark Africa (TMA) operates on a not-for-profit basis and is funded by the development agencies of the following countries: Belgium, Canada, Denmark, Finland, the Netherlands, UK, and USA. TradeMark Africa (TMA) works closely with East African Community (EAC) institutions, national governments, the private sector and civil society organisations.