Southern Africa: Tanzania Can Do More to Boost SADC Trade Opportunities

According to the 2017/18 Bank of Tanzania (BOT)'s Annual Report, Tanzania was the fastest growing economy in SADC with a GDP growth of 7.1 per cent. Tanzania's total intra-Sadc trade however declined by 3.5 per cent in 2017 as compared to 2016 due to fall in both exports and imports.

Nevertheless, Tanzania continued to be a net exporter to other Sadc countries, recording a trade surplus of $445.5 million in 2017, up from $397.2 million in 2016. Specifically, Tanzania recorded a trade surplus with South Africa, DRC, Malawi, Mozambique, Zimbabwe, Angola and Botswana. Meanwhile, Tanzania recorded a trade deficit with Zambia, Madagascar, Mauritius, Namibia, Swaziland, Seychelles and Lesotho.

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