Tanzania encourages processing manufacturing industry to cooperate with China

Recently, Tanzania’s Minister of Industry and Trade stated that the Tanzanian government will adopt a number of measures such as fiscal and tax incentives and reducing the cost of raw materials purchased by enterprises to encourage the development of processing and manufacturing enterprises. He emphasized that there are currently more than 51,000 industrial enterprises in Tanzania, of which about 2,000 are large enterprises. These enterprises play an important role in promoting Tanzania’s industrialization and increasing employment. Therefore, encouraging enterprise development is a long-term priority strategy of the government. He also expressed the hope that Tanzanian processing and manufacturing enterprises will actively participate in international cooperation and competition, especially cooperation with Chinese enterprises, which is of great significance to the upgrading and transformation of Tanzanian enterprises. He also said that China currently imports about 1 million tons of iron ore from Tanzania. , there is huge potential and space for cooperation between Chinese and Tanzania enterprises.