Plans by African leaders to launch an ambitious Free Trade Area comprising of 26 countries and backed by over 600 million people next month are in the right direction for the private sector.
Confederation of Tanzania Industries (CTI) Chairman, Dr Simon Nyantahe, said the FTA which will have a combined 1.0 trillion US dollars in gross domestic product will be one of the world’s biggest markets for local manufacturers.
“In order for these opportunities to become realistic, the government and CTI members must address a number of challenges that adversely affect industries in Tanzania mainly being; high cost of doing business and unfriendly legal and regulatory framework,” Dr Nyantahe noted. Read more. Source | Daily News