Tanzania opens new door of interaction with China to boost investment in varied sectors

China and Tanzania facilitated the communication on April 17 intended at boosting economic and trade cooperation, especially on investment and financing.

The new door of communication was opened at a one-day 2019 Tanzania-China High-level Investment and Business Environment Dialogue jointly organized by the Prime Minister's Office for Policy and Investment, the Ministry of Foreign Affairs and the Chinese Embassy in Tanzania.

Representatives from more than 20 Tanzanian government agencies in various fields, including lands, immigration, taxation and labour, attended the dialogue and explained the latest guiding policies in the east African nation.

"China is willing to work together with Tanzania in opening the door of communication...so as to jointly push for breakthroughs in China-Tanzania economic and trade cooperation, especially in the field of investment and financing," the Chinese Ambassador in Tanzania, Wang Ke said. The dialogue was a powerful demonstration of the Tanzanian government's devotion to improving the local investment and business environment, Wang added.

There have been certain adjustments in taxation, investment and labour policies in Tanzania over the years, which has made it difficult for Chinese enterprises to adapt to. “Today's dialogue points out the solution for Chinese enterprises to overcome their struggle in business operation in Tanzania and the direction for us to tackle difficulties in the China-Tanzanian economic and trade cooperation,” Wang noted, as reported by Xinhua.

Tanzania will continue to value investment as an essential driver to the growth of the economy and the government will work on business challenges raised by the Chinese investors, the Deputy Minister for Industry and Trade, Stella Manyanya said.

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