M a r k e t N e w s

Tanzania, Jordan to sign trade pact

Posted on : Monday, 26th January 2015

 The government will next month sign free trade agreement with the Middle East Kingdom of Jordan that would enable smooth movement of goods and services from both countries.

 
Speaking to this paper in a telephone interview the Vice Chairman of Tanzania Chamber of Commerce Industry and Agriculture (TCCIA), Dar es Salaam Region, Vicent Minja said the signing is a result of the recent visit made by the chamber in Jordan.
 
During the visit which was held from December 6 to 10 last year the Jordan business delegation agreed to come to Tanzania in February this year to discuss areas of cooperation between two countries, he said.
 
Apart from visiting Tanzania, he said, the delegation will also sign free trade agreement with the government of Tanzania.  
 
It is expected that the Minister for Industry and Trade, Dr Abdallah Kigoda will sign the agreement on behalf of Tanzania.
According to the chamber’s Executive Director, Getfred Muganda, this is the first visit of Tanzanian businessmen to Jordan.
“It is our hope that the visit will result in attraction of more foreign investors to our country,” he said.
 
Early last year, the chamber signed various pacts with multiple chambers worldwide to build economic cooperation with Tanzania.
According to the Chairman of TCCIA, Dar es Salaam Regional chamber, Francis Lukwaro, the MoU signed between the chamber and the Zarka Chamber of Industry of the Kingdom of Jordan (ZIC) aims to improve business relations between two parties.
 
“It is a good opportunity for the Tanzanian business community to explore the untapped potentials in Jordan and establish relationship with its Jordanian counterparts who already have a steady economy,” he said, citing vast economic investment potentials in agriculture and mining. 
 
The TCCIA Dar es Salaam Region has over 1,200 members from various sectors, including industries, agriculture and services.

Source : www.ippmedia.com
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