The USAID Hub completed a yearlong grant with the Tanzania Private Sector Foundation (TPSF) this week, under which nine trade-facilitating reforms were achieved. The reforms strengthen Tanzania’s trade and investment environment for international businesses looking to trade and invest. Reforms included the elimination of a value-added tax on ancillary transport services, the abolition of various fees and levies related to agriculture, and the reduction of tariffs on food crops. The grant built TPSF’s capacity to identify policies and regulations that inhibit the free movement of goods, services and capital and to advocate for evidence-based reforms, thus enabling Tanzania’s private sector to sustainably promote compliance with the EAC Common Market Protocol and free-market principles.
The East African Community Common Market Protocol is a regional trade agreement between Burundi, Kenya, Rwanda, Uganda, Tanzania and South Sudan that seeks to liberalize the trade in goods, services and ease the movement of capital among other rights and freedoms. Since 2016, TPSF and the East Africa Trade and Investment Hub have worked to improve Tanzania’s trade policy and bring about regulatory reforms through facilitating trade and dialogue, ensuring competitiveness in other regional markets.
TPSF continues to work in its own capacity to facilitate trade in the region through continued policy advocacy and interventions, eliminating non-tariff barriers through its numerous regional dialogue platforms, as well as ensuring compliance with the East African Community Common Market Protocol. TPSF and the East Africa Trade and Investment Hub will continue to identify areas for future cooperation in support of TPSF’s goal of promoting private sector-led social and economic development and the U.S. Government’s commitment to spurring inclusive, broad-based economic growth and trade in Tanzania.