Trade Mark East Africa ( TMEA) has issued $103 million (approximately Sh221 billion ) to support Tanzania in promoting businesses. This is according to its country director, Dr Josaphat Kweka.
He was speaking during the signing of a co-operative Memorandum of understanding between the Tanzania Chamber of Commerce, Industry and Agriculture (TCCIA) and the Zanzibar Chamber of Commerce, Industry and Agriculture (ZNCCIA).
“The signing of the MoU is just a beginning of many opportunities which are on way and we intend to extend to Zanzibar,” noted Dr Kweka.
The money, he said, would be spent on technical and advisory services, as well as enhancing the issuing of electronic certificates of origin, plus enhancing non-tariff barriers.
The TCCIA acting executive director, Ms Magdalene Mkocha, commended thei MoU move, saying it would enhance collaboration between the to sides in various trade-related matters.
Under the agreement, National trade performance will be enhanced through creating a favourable business environment in on the two sides of the Union.
” The two parties have been collaborating informally in several areas, including execution of rules of origin, but this MoU opens up a broader scope of collaboration and most specifically on trade facilitation by combating NTBs and efficiently carry out execution of rules of origin through technology,” said Ms Mkocha. She said TCCIA was ready to share its success stories and give technical support to ZNCCIA on implementation of electronic certificates of origin system and NTBs, SMS and online reporting system.