The United States and Tanzania have a trading relationship valued at $424 million and U.S. investments in Tanzania total $1 billion. There are markets for a wide variety of U.S. products and services and strong economic fundamentals make Tanzania a market worth investigating and pursuing. The U.S. Commercial Service (www.trade.gov/tanzania ) assists U. S. firms seeking to enter the market working closely with the U.S. State Department’s Economic Section and the entire Interagency at post.
Tanzania has a diverse, relatively stable economy with many opportunities for investment. In recent years, the Government of Tanzania’s (GoT) approach to economic policy and the business community has improved long-term prospects for investment and economic growth. Policies and practices during the Magufuli administration created a deteriorating environment for business and investment, which deterred foreign investors and harmed all companies operating in Tanzania. However, President Samia has made improving Tanzania’s economic environment one of her top priorities and has publicly highlighted restoring domestic and international confidence in Tanzania’s business climate. Agricultural commodities, minerals, and textiles dominate Tanzania’s exports to the United States while imports from the United States include aircraft, machinery, cereals, plastics, and milling products. Tanzania receives preferential trade benefits under the African Growth and Opportunity Act. The United States is committed to Tanzania’s long-term development as a stable, reliable, and democratic partner that is committed to growing its economy through private sector led growth to support the health, education and human rights of its people, as well as promoting peace and security domestically and regionally.
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