TANZANIA

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TANZANIA
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Market Overview

• Economic indicators, 2007
• GDP 16.84 billion
• Real GDP Growth rate 7.1
• GDP per capita 440.80
• Inflation 7.0
• Total Exports 1.723 billion
• Total Imports 4.827 billion
• Exports to the USA 2.8 million
• Imports from the USA 187.1 million
• Annual Average Exchange Rate Tsh. 1,244/1

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Exports, 2007 (US million)

• European Union and Switzerland 759.3
• Asia (mainly China, Japan, India) 378.2
• SADC 300.8
• East African Community (EAC) 173.1

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Imports, 2007 (US million)

• Asia (mainly China, Japan, India, UAE) 1960.2
• European Union and Switzerland 1274.6
• SADC 656.2
• USA 187.1
• EAC 106.6

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Challenges

• Bureaucratic red tape and widespread
  corruption, particularly in customs and tax
  authorities
• Unreliable, high-cost power
• Underdeveloped transport system
• Limited availability of skilled labor

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Market Opportunities

• Telecommunications and Information Technology
• Tourism and Natural Resources
• Petroleum, Gas and Energy Infrastructure
• Agribusiness and Food Processing
• Mining of gold, diamonds, gemstones and other
  minerals

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Market Entry Strategies

• Personal relationships/understanding of local
  market
• Marketing through local agent or distributor
• Government of Tanzania encourages joint ventures

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Welcome to Tanzania

• Thank you!