Tanzania’s producers, exporters fail to utilise AGOA
Tanzania’s trading in the preferential zone has been dropping drastically over the years from 18.8 per cent in 2000 to 4.1 per cent in 2015.
Unveiling statistics during an audience with local producers, exporters’ representatives from financial institutions among others in Dar es Salaam recently, both the Minister for East Africa Cooperation, Dr Harrison Mwakyembe and the Deputy Minister for Trade and Industries, Mrs Janeth Mbene, said the drift was unacceptable and the government was ready to play its active role to redress the situation.
Giving details on Tanzania’s penetration to the market, the minister said in 2000 it was at 18.8 per cent, in 2005 it dropped to 8.13 per cent and in 2015 further dropped to 4.1 per cent.
On the other hand, Kenya’s contribution to AGOA market, Dr Mwakyembe observed was 56.45 in 2000 and increased to 83.5 in 2005 and today 95.39 per cent.
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