China, Tanzania aim for enhanced economic, trade ties

Source: Xinhua| 2019-04-18 01:05:34|Editor: Mu Xuequan
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DAR ES SALAAM, April 17 (Xinhua) -- China and Tanzania on Wednesday opened a new door of communication aimed at enhancing economic and trade cooperation, especially on investment and financing.

The new door of communication was opened at a one-day 2019 Tanzania-China High-level Investment and Business Environment Dialogue jointly organized by the Prime Minister's Office for Policy and Investment, the Ministry of Foreign Affairs and the Chinese Embassy in Tanzania.

Representatives from more than 20 Tanzanian government agencies in various fields, including lands, immigration, taxation and labor, attended the dialogue and explained the latest guiding policies in the east African nation.

"China is willing to work together with Tanzania in opening the door of as to jointly push for breakthroughs in China-Tanzania economic and trade cooperation, especially in the field of investment and financing," said Wang Ke, the Chinese Ambassador in Tanzania.

Speaking at the conclusion of the dialogue in the commercial capital Dar es Salaam, Wang said the dialogue was a powerful demonstration of the Tanzanian government's devotion to improving the local investment and business environment.

Wang said the dialogue was also an excellent opportunity for Chinese enterprises to get a comprehensive understanding of Tanzania's policies in various fields.

Wang noted that there have been certain adjustments in taxation, investment and labor policies in Tanzania over the years, which has made it difficult for Chinese enterprises to adapt to.

"Today's dialogue points out the solution for Chinese enterprises to overcome their struggle in business operation in Tanzania and the direction for us to tackle difficulties in the China-Tanzanian economic and trade cooperation," said Wang.

Angellah Kairuki, the Minister of State in the Prime Minister's Office responsible for Investment, said the government was strongly committed to addressing existing gaps in the investment regime, starting by working on many recommendations that have been raised at the dialogue.

"I also commit to report to you on the progress the government should be able to make in this respect at the soonest possible opportunity, " she said.

She said Tanzania will continue to value investment as an essential driver to the growth of the economy.

Stella Manyanya, the Deputy Minister for Industry and Trade, said the government will work on business challenges raised by the Chinese investors.

Damas Ndumbaro, the Deputy Minister for Foreign Affairs and East African Cooperation, said China remained a good friend of Tanzania, saying the Asian country has more enterprises in the country than any other countries.

"With President John Magufuli in charge of the economic reforms, China's contribution is very vital," said Ndumbaro.