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• GDP: US$13.1 billion (2006).
• Main exports: Gold, cotton, coffee, tea and sisal.
• Main imports: Petroleum, consumer goods, machinery and transport equipment, chemicals and pharmaceuticals.
• Main trade partners: China, India, Netherlands, Japan and Zambia.
• Main exports: Gold, cotton, coffee, tea and sisal.
• Main imports: Petroleum, consumer goods, machinery and transport equipment, chemicals and pharmaceuticals.
• Main trade partners: China, India, Netherlands, Japan and Zambia.
Economy
Agriculture employs around 80% of the working population and cash crops are one of the country's main export earners. There is also an expanding mineral sector: diamonds are mined commercially, as are other gemstones and gold. Coal, phosphates, gypsum, tin and other ores are also extracted. Reserves of uranium, nickel, silver and natural gas have been located. The industrial sector is small and concentrated in agricultural processing and light consumer goods such as sugar processing, brewing and textiles. Tourism is worth about US$680 million annually to the Tanzanian economy and in 2006 contributed 17% of the country's GDP.
On the whole, the economy has performed fairly well since the mid 1990s, and in 2006, Tanzania signed economic agreements with China for development assistance in the communications, transport and health sectors. Also in 2006, the African Development Bank wrote off US$640 million of Tanzania's foreign debt claiming that it was impressed with the country's steady economic growth and accountability of public funds.
Tanzania is a member of the African Development Bank, the Southern African Development Community and the East African Community (EAC). After a failed attempt in 1977, an East African Customs Union was established with Kenya and Uganda in 2005.
On the whole, the economy has performed fairly well since the mid 1990s, and in 2006, Tanzania signed economic agreements with China for development assistance in the communications, transport and health sectors. Also in 2006, the African Development Bank wrote off US$640 million of Tanzania's foreign debt claiming that it was impressed with the country's steady economic growth and accountability of public funds.
Tanzania is a member of the African Development Bank, the Southern African Development Community and the East African Community (EAC). After a failed attempt in 1977, an East African Customs Union was established with Kenya and Uganda in 2005.
Business Etiquette
Normal courtesies should be shown when visiting local businesspeople. Almost all executives speak English.
Office hours: Mon-Fri 0800-1200 and 1400-1630; Sat 0800-1230.
Government office hours: Mon-Fri 0730-1530.
Office hours: Mon-Fri 0800-1200 and 1400-1630; Sat 0800-1230.
Government office hours: Mon-Fri 0730-1530.
Conferences & Conventions
Many of the large hotels in Dar es Salaam and Arusha can accommodate conferences. The Arusha International Conference Centre (AICC) has several rooms that can cater for 20-1,000 people, and this has been the site of some historic events of East Africa's modern history including the Rwandan War Tribunals and Burundi peace negotiations.
Business Contacts
Tanzania Chamber of Commerce, Industry and Agriculture
PO Box 9713, Dar es Salaam, Tanzania
Tel: (22) 211 9436.
Website: www.tccia.co.tz
Arusha International Conference Centre (AICC)
PO Box 3081, Arusha, Tanzania
Tel: (27) 250 2953 or 8008.
Website: www.aicc.co.tz
PO Box 9713, Dar es Salaam, Tanzania
Tel: (22) 211 9436.
Website: www.tccia.co.tz
Arusha International Conference Centre (AICC)
PO Box 3081, Arusha, Tanzania
Tel: (27) 250 2953 or 8008.
Website: www.aicc.co.tz
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