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Inefficiency impacting negatively on trade opportunities – Kigoda

18th May 2012
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Industry and Trade minister, Dr Abdallah Kigoda

Industry and Trade minister Dr Abdallah Kigoda has said bureaucracy and indecisiveness among government officials and investors impact negatively on trade missions in the country.
He said this on Tuesday at a Dubai Export seminar in Dar es Salaam attended by various investors, government officials and traders.

Dr Kigoda said Tanzania had a suitable trade investment environment but was affected by inefficiency.

For her part, Minister of State in the Prime Minister’s Office (Investment and Empowerment) Dr Mary Nagu hailing the signing of a Memorandum of Understanding (MoU) between Tanzania Trade Development Authority (TanTrade) and Dubai Export saying it would boost the country’s economic growth.

Speaking after the seminar, Dr Nagu said the MoU allowed mutual benefits from Dubai investments in the country, which would eventually reduce imports and increase exports.

“For the benefits of our citizens it will improve the standards of living by creating employment opportunities,” Dr Nagu noted.

Minister of State in the Vice President’s Office (Environment) Dr Terezya Huvisa said an environmental evaluation would be conducted through the National Environmental Management Council (NEMC) because without it there would be no viable investment.

Dubai Exports Chief Executive Officer Eng Saed Al Awadi said the export promotion agency of the department of Economic Development in Dubai had embarked on a trade mission to Tanzania as part of its efforts to assist exporters to tap fast-growing African markets.

He added: “Six African countries are members of the Greater Arab Free Trade Agreement and further four are associate members, whereby customs on products, allow countries to share their standards and specifications to help their products move smoothly from one country to another and eases communication between member states.”

He also said Tanzania was ideally placed to allow United Arab Emirates (UAE) firms to become successful in the region due to its economic performance since it had registered one of the most impressive rates of growth for non-oil producing sub-Saharan African countries.

SOURCE: THE GUARDIAN
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