Market Accessibility
Tanzania is a prime location for centralised market
operations in East Africa and the preferred choice for regional headquarters
as well as multi-country distribution centres. It is the only country in the
EAC, which is surrounded by eight countries, with five of them land-locked.
Tanzania also boasts immense business opportunities from
several trade arrangements like the African Growth and Opportunity Act
(AGOA) under which over 6,500 Tanzanian products enjoy duty and quota free
access to the lucrative US markets. Investors in Tanzania stand to benefit
further from the European Union’s Everything But Arms (EBA) program and the
EAC market of over 120 million populations.
Japan’s Generalized System of Preferences, Canada’ s PACT
and Southern Africa Development Community (SADC) also offer avenues for easy
marketing of products from Tanzania. China and Korea have recently offered
preferential trade arrangements to Tanzania.
As a general rule, Tanzanian products can enter most of
the world’s rich economies duty and quota free or with limited quota
restrictions.
Qualifying articles under AGOA arrangement include:
- Textiles & textile articles produced entirely in
Tanzania.
- Apparel made of US yarns/fabrics; and apparel made of
yarns/ fabrics not produced in commercial quantities in the US.
- Clothes made of sub-Saharan Africa yarns/fabrics
(subject to limited quota).
- Eligible hand-loomed, handmade, or “folklore” articles
and “ethnic” printed fabrics (certain Tanzania products qualify).
The special AGOA apparel rule allows clothing made in
Tanzania using yarns and fabrics from the third country to enter the US
market free of customs duties but subject to limited quota until September
2012.