A team of business experts from the
Ministry of Industry and Trade and other delegates are expected to visit
China next month to scout for opportunities available in the Asian
nation.
The move comes few months after
President Jakaya Kikwete visited China whereby the country agreed to
support Tanzania in development and operations of industries.
Speaking on the sidelines of the
ceremony to commemorate the 50th Anniversary of Chinese Premier Zhou
Enlai’s visit to Tanzania held in Dar es Salaam at the weekend, the
Minister for Industry and Trade, Dr Abdallah Kigoda, said that there
were enormous benefits in the industrial economy and the entourage that
is set to visit China will help to provide intelligence on business
opportunities.
“We are determined to ensure that this
relationship between China and Tanzania is of mutual benefit. We have
continued to foster the strong relationship between our two countries.
“China which currently ranks among the
strongest economies in the world, has accepted our request to help us in
our industrial growth,” he said.
Dr Kigoda said the smooth operation in
the industrial sector will help lift the economy of the people in the
country, as the growth of new businesses and factories will tend to
create thousands of new jobs.
Chinese Ambassador in Tanzania, Dr Lu
Youqing, said China has become the second largest foreign investor of
Tanzania with the total investment of up to 4 billion US dollars by the
end of 2014.
“China is also the largest trade partner
of Tanzania with the total trade volume over 4.3 billion US dollars,”
Ambassador Dr Lu said.
He reiterated that Tanzania is one of
the three pilot countries of China-Africa Industrial Capacity
Cooperation. “As the true friend and reliable partner of Tanzania, China
will adhere to the China- African Cooperation Principles of sincerity,
real results, affinity and good faith which were initiated by President
Xi Jinping,” he said.
Ambassador Dr Lu said more Chinese
investment to Tanzania will be introduced in the near future especially
in the fields of infrastructure, light and heavy industries and
information communication.
“Chinese investment will bring real
benefits to Tanzanian government and people by paying tax and creating
large number of local jobs,” he concluded.
Source: Daily News, reported from Dar es Salaam, Tanzania
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