Home Finance China Leads 80-Member Investors’ Delegation to Tanzania
Finance - September 2, 2019

China Leads 80-Member Investors’ Delegation to Tanzania

China is leading an 80-member business delegation from Shandong Province to Tanzania on a four-day business and investing-scouting mission.

The mission which is organised by the Department of Commence of Shandong in collaboration with Tanzania Investment Centre and East Africa’s Commercial and Logistics Centre Chamber of Commerce (EACLCCC), will have two days each in the mainland and Isles.

EACLCCC Manager Ms Cathy Wang explained that the business expedition will comprise of government and private companies that are looking for export and import opportunities.

“Their intention is to explore the Tanzania market for friendly exchanges and common development of bilateral relations and mutual development between Tanzania and China,” Ms Wang told reporters yesterday.

EACLCCC, registered this year, has so far attracted 400 members mostly from Tanzania and designed to foster mutual business and investment relation for Sino-Tanzania.

The delegation, under the guidance of Ministry of Commerce and Ministry of Foreign Affairs of China and Tanzania Prime Minister’s Office (Investment) and Ministry of Foreign Affairs and East African Cooperation, will have a special forum on Thursday before proceeding to Zanzibar on the next day.

The delegation will look at how to scale up agriculture export and import trading in the area of agriculture equipment and products.

“They will exchange views on cars (new and used), aquatic products, marine culture industry, fishery, as well as livestock industry,” Ms Wang said.

They will also discuss the general situation regarding financing import and export trades as well as Sino- Tanzania trade financing programme.

“The delegation will also look at the possibility of direct import and export, cutting a third part country.

“For instance, China is consuming a lot of beef from Tanzania but mostly imported through Kenya,” Ms Wang said.

Once in the country, the delegation will be hosted by the Prime Minister’s Office (Investment), Ministry of Industry and Trade, Ministry of Livestock and Fishery, TIC, Export Processing Zone Authority (EPZA) and EACLCCC. Shandong is the third wealthiest province in China with a GDP of 1.156 trillion US dollars last year.

It is also one of populous with over 100.5 million people as of this year’s census.

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