{"id":115441,"date":"2024-07-31T18:48:46","date_gmt":"2024-07-31T18:48:46","guid":{"rendered":"https:\/\/www.africa-press.net\/tanzania\/all-news\/new-trade-policy-launched-to-boost-growth"},"modified":"2024-07-31T19:21:10","modified_gmt":"2024-07-31T19:21:10","slug":"new-trade-policy-launched-to-boost-growth","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/new-trade-policy-launched-to-boost-growth","title":{"rendered":"New trade policy launched to boost growth"},"content":{"rendered":"

Africa-Press – Tanzania. <\/strong><\/span>TANZANIA has unveiled a new national trade policy aimed at streamlining business processes and significantly enhancing the sector\u2019s economic impact.<\/p>\n

Currently, the trade sector contributes a modest 8.7 per cent to the country\u2019s GDP, according to 2021 figures. The new policy seeks to invigorate the sector and spur substantial growth.<\/p>\n

Replacing a two-decade-old policy, the National Trade Policy 2023 focuses on increasing trade competitiveness and fostering industrial-led socio-economic transformation.<\/p>\n

During the launch event in Dar es Salaam, Deputy Prime Minister and Minister for Energy, Dr Doto Biteko, emphasized the policy\u2019s role as a key driver for socio-economic transformation, aligning with the Tanzania Development Vision 2025 and the Third Five-Year Development Plan 2021\/22-2025\/26, which aims for competitiveness-driven export growth.<\/p>\n

\u201cThis policy will promote value addition in our industries, boosting employment,\u201d Dr Biteko stated.<\/p>\n

\u201cIt will also enhance trade facilitation, strengthen regional relationships, and support sustainable and inclusive trade.\u201d<\/p>\n

The new policy supersedes the National Trade Policy 2003, which achieved notable progress in areas such as export growth, regional integration, and trade facilitation.<\/p>\n

Analysts recognize the previous policy for laying a solid foundation for trade and economic growth, fulfilling nearly all of its objectives.<\/p>\n

Dr. Biteko highlighted the need to leverage the new policy to remove trade barriers and build a robust legal framework to strengthen and promote trade. He urged officials to move away from outdated practices.<\/p>\n

\u201cCritics claim or previous policy was outdated. With this new document, it\u2019s time to demonstrate our reform and align with global standards,\u201d Dr. Biteko said.<\/p>\n

\u201cThe National Trade Policy is just a document; without implementation, it remains a storybook. We must transform our mindset and approach to ensure effective execution.\u201d<\/p>\n

The successful implementation of the policy requires collaboration among public and private sector stakeholders, effective resource mobilization, and mainstreaming trade into national strategies.<\/p>\n

Minister for Industry and Trade, Dr. Selemani Jafo, noted that the 2023 policy emerged from an inclusive review process of the 2003 policy.<\/p>\n

\u201cThe new policy places greater emphasis on policy coherence, institutional and legal frameworks, domestic trade development, and trade integration,\u201d Dr. Jafo explained.<\/p>\n

\u201cIt addresses trade constraints to promote sustainable growth and ensures a continuous increase in trade within Tanzania\u2019s economy.\u201d<\/p>\n

The policy reflects significant changes in trade dynamics at national, regional, and international levels. Its guiding principles align with major national development policies and strategies designed to foster a conducive environment for trade and investment.<\/p>\n

Alongside the policy, an implementation strategy, monitoring and evaluation framework, and communication strategy have been introduced.<\/p>\n

The policy\u2019s development involved various stakeholders, including international ambassadors and TradeMark Africa.<\/p>\n

Norway\u2019s Ambassador to Tanzania, Ms. Tone Tinnes, highlighted the private sector\u2019s role in modernization through creativity and innovation.<\/p>\n

\u201cTanzania is now equipped with an up-to-date trade policy aimed at enhancing its regional and global competitiveness,\u201d Ms. Tinnes said.<\/p>\n

\u201cThe real value of this policy will be seen through its implementation and engagement with stakeholders to address emerging challenges.\u201d<\/p>\n

She emphasized that a thriving business community requires consistent, transparent, and fair regulatory frameworks, simplified procedures, and high-quality consultations between the private and public sectors to prevent and resolve issues.<\/p>\n

\u201cA skilled labor force, coupled with inclusive trade measures, will further efforts to reduce poverty in Tanzania,\u201d Ms. Tinnes added.<\/p>\n

For More News And Analysis About Tanzania Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Tanzania. TANZANIA has unveiled a new national trade policy aimed at streamlining business processes and significantly enhancing the sector\u2019s economic impact. Currently, the trade sector contributes a modest 8.7 per cent to the country\u2019s GDP, according to 2021 figures. The new policy seeks to invigorate the sector and spur substantial growth. Replacing a […]<\/p>\n","protected":false},"author":84,"featured_media":115440,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[10722,711],"class_list":["post-115441","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-eritrea","tag-tanzania"],"yoast_head":"\nNew trade policy launched to boost growth - Tanzania<\/title>\n<meta name=\"description\" content=\"TANZANIA has unveiled a new national trade policy aimed at streamlining business processes and significantly enhancing t ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/new-trade-policy-launched-to-boost-growth\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New trade policy launched to boost growth\" \/>\n<meta property=\"og:description\" content=\"TANZANIA has unveiled a new national trade policy aimed at streamlining business processes and significantly enhancing t ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/new-trade-policy-launched-to-boost-growth\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-31T18:48:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-31T19:21:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/07\/sm_1722437323.269735.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"780\" \/>\n\t<meta property=\"og:image:height\" content=\"470\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/new-trade-policy-launched-to-boost-growth#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/new-trade-policy-launched-to-boost-growth\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"New trade policy launched to boost growth\",\"datePublished\":\"2024-07-31T18:48:46+00:00\",\"dateModified\":\"2024-07-31T19:21:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/new-trade-policy-launched-to-boost-growth\"},\"wordCount\":553,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/new-trade-policy-launched-to-boost-growth#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/07\/sm_1722437323.269735.jpg\",\"keywords\":[\"Eritrea\",\"tanzania\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/all-news\/new-trade-policy-launched-to-boost-growth#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/new-trade-policy-launched-to-boost-growth\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/new-trade-policy-launched-to-boost-growth\",\"name\":\"New trade policy launched to boost growth - Tanzania\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/new-trade-policy-launched-to-boost-growth#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/new-trade-policy-launched-to-boost-growth#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/07\/sm_1722437323.269735.jpg\",\"datePublished\":\"2024-07-31T18:48:46+00:00\",\"dateModified\":\"2024-07-31T19:21:10+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"TANZANIA has unveiled a new national trade policy aimed at streamlining business processes and significantly enhancing t ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/new-trade-policy-launched-to-boost-growth#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/all-news\/new-trade-policy-launched-to-boost-growth\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/new-trade-policy-launched-to-boost-growth#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/07\/sm_1722437323.269735.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/07\/sm_1722437323.269735.jpg\",\"width\":780,\"height\":470,\"caption\":\"New trade policy launched to boost growth\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/new-trade-policy-launched-to-boost-growth#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/tanzania\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"New trade policy launched to boost growth\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#website\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/\",\"name\":\"Tanzania\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/tanzania\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"New trade policy launched to boost growth - Tanzania","description":"TANZANIA has unveiled a new national trade policy aimed at streamlining business processes and significantly enhancing t ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/tanzania\/all-news\/new-trade-policy-launched-to-boost-growth","og_locale":"en_US","og_type":"article","og_title":"New trade policy launched to boost growth","og_description":"TANZANIA has unveiled a new national trade policy aimed at streamlining business processes and significantly enhancing t ...","og_url":"https:\/\/www.africa-press.net\/tanzania\/all-news\/new-trade-policy-launched-to-boost-growth","og_site_name":"Tanzania","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2024-07-31T18:48:46+00:00","article_modified_time":"2024-07-31T19:21:10+00:00","og_image":[{"width":780,"height":470,"url":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/07\/sm_1722437323.269735.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/new-trade-policy-launched-to-boost-growth#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/new-trade-policy-launched-to-boost-growth"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"New trade policy launched to boost growth","datePublished":"2024-07-31T18:48:46+00:00","dateModified":"2024-07-31T19:21:10+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/new-trade-policy-launched-to-boost-growth"},"wordCount":553,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/new-trade-policy-launched-to-boost-growth#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/07\/sm_1722437323.269735.jpg","keywords":["Eritrea","tanzania"],"articleSection":["all news","policy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/tanzania\/all-news\/new-trade-policy-launched-to-boost-growth#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/new-trade-policy-launched-to-boost-growth","url":"https:\/\/www.africa-press.net\/tanzania\/all-news\/new-trade-policy-launched-to-boost-growth","name":"New trade policy launched to boost growth - Tanzania","isPartOf":{"@id":"https:\/\/www.africa-press.net\/tanzania\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/new-trade-policy-launched-to-boost-growth#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/new-trade-policy-launched-to-boost-growth#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/07\/sm_1722437323.269735.jpg","datePublished":"2024-07-31T18:48:46+00:00","dateModified":"2024-07-31T19:21:10+00:00","author":{"@id":"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"TANZANIA has unveiled a new national trade policy aimed at streamlining business processes and significantly enhancing t ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/new-trade-policy-launched-to-boost-growth#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/tanzania\/all-news\/new-trade-policy-launched-to-boost-growth"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/new-trade-policy-launched-to-boost-growth#primaryimage","url":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/07\/sm_1722437323.269735.jpg","contentUrl":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2024\/07\/sm_1722437323.269735.jpg","width":780,"height":470,"caption":"New trade policy launched to boost growth"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/tanzania\/all-news\/new-trade-policy-launched-to-boost-growth#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/tanzania\/"},{"@type":"ListItem","position":2,"name":"New trade policy launched to boost growth"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/tanzania\/#website","url":"https:\/\/www.africa-press.net\/tanzania\/","name":"Tanzania","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/tanzania\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/posts\/115441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/comments?post=115441"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/posts\/115441\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/media\/115440"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/media?parent=115441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/categories?post=115441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/tags?post=115441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}