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Tanzania consumer goods opportunity

Consumer Goods

Local industry accounts for some 15 percent of consumer goods used in Tanzania. It is mainly limited to the processing of agricultural products and light consumer goods. The gap of 85% is imported from South Africa, Kenya, the Middle East, India, the Far East (Singapore, Malaysia and South Korea, China, Japan and USA, UK countries). The increased trade, resulting from open market policy, has been well received but has also brought some concerns as some low quality products such as milk and milk products, fruit and fruit juices, toys, etc. from the international market are dumped in the Tanzanian market. The Tanzania Bureau of Standard has intervened and in some instances averted dumping of these products in Tanzania.

With a population of about 35 million, the slow pace of industrialization coupled with adoption of regional integration in East and sub-Saharan Africa, Tanzania's dependence on imported consumer goods is likely to remain for the coming 20 years or so. However, recent government effort in facilitating Export Processing Zones is expected to revamp the agro processing and increase agricultural goods for export and the internal market.

EAHP seeks to increase access to finance and improving management skills of the small and medium size sectors. It is expected that after provision of such services the small manufacturing enterprises will be able to contribute to the economy by increasing supply of goods.

Posted by admin at Dec 27, 2011 5:03 AM Category: Business
Tags: consumer goods opportuntiy, tanzania, market, products