The Confederation of Tanzania Industries is a Business Membership Organisation that was launched in July 1991. It is an independent, self-financed, legally constituted organisation that serves its members by speaking out on their behalf and generally representing their interests. The main aim of CTI is to ensure that there is a conducive legal, financial and economic environment within which industry can operate effectively, prosper and contribute to national wealth and development.
The Vice President Dr. Mohamed Bilal has urged the Tanzania business community to improve their competiveness in the domestic regional and international markets so as to benefit from Africa’s continued removal of Tariffs and Non-Tariff Barriers.
Dr. Bilal made this call at the Confederation of Tanzania Industries (CTI) Annual Business Dinner held at Dar es Salaam Serena Hotel where he awarded winners of the President’s Manufacturer of the Year Awards (PMAYA) competition in different categories.
He said that as the African continent continued to improve and remove tariffs and non-tariff barriers to trade, Tanzania manufacturers will have to keep improving and investing in modern technologies, marketing skills and human resources in order to stand competition and survive.
The Vice President said he had chance to visit various exhibitions of industrial products by Tanzania companies and was impressed as well as satisfied by the high quality of goods well packed.
“It gives us in the government the assurance that Tanzania is capable of effectively participate in trade opportunities availed to Tanzania quota and duty free to EAC and the Common Market for Eastern and Southern Africa....I appeal to you to continue improving the quality of goods for domestic market” he said.
Despite the sector’s improvement in the foreign exchange earnings from 17.2 percent of the total earnings attained in 2012 to 20.04 per cent in 2013, Dr. Bilal observed that the increase was still far below compared with other countries.
“This means that Tanzania as a country continues to export commodities instead of processed products which fetched higher prices at the international markets...I urge industries to invest in agro-processing and diversify into high value products for high foreign exchange earnings” he underlined.
Earlier, the CTI Chairman Dr. Samuel Nyantahe thanked the government for having instituted socio-economic measures which enabled Tanzania to attain a high Gross Domestic Product (DGP) of 7.0 percent in 2013 being the second highest in the EAC after Rwanda which lead the region with a GDP rate of 7.5 percent.
He said the performance of other micro and macroeconomic indicators was also good. In 2013-inflation rate dropped from 12.1 percent in December 2012 to 5.6 percent in December 2013. Employment in the manufacturing sector increased from 120,840 in 2012 to 126,882 in December 2013.
“Such good socio-economic performance has contributed to the reduction of poverty level (percentage of the total population which spends less than a dollar per day) from 34.4 percent in 2006 to 28 percent in 2012” he said.
However, Dr. Nyantahe expressed concerns following re-introduction of annual business licenses saying this could adversely affect business formalisation and its growth.
He appreciated the efforts undertaken by the government through implementation of strategic plans, programmes and projects aimed at addressing existing challenges.
Dr. Nyantahe urged the government to continue implementing such initiatives including implementation of actions identifies in the business environment Lab under the Big Results Now which he said would have positive results on business in the country.
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