Dar dodges EPA to protect industrialisation, budget
Saturday July 16 2016
Tanzania is now in full swing to implement a China-brokered industrialisation plan that hopes to get funding from the Chinese government. TEA GRAPHIC | NATION MEDIA GROUP
Sources say Dar es Salaam has declined to sign the deal that would turn the country into a source of raw material for European Industries.
Govt official says Tanzania's budget relies on levy from imported products hence committing a country on EPAs would mean that the government will miss the revenue and then impacts negatively on the national budget.
Pundits say that Tanzania's reluctance to sign the EPAs is a protectionist move for its manufacturing industry that is expected to boom in a few years as a result of China’s financing to Tanzania’s development vision that is geared towards industrialisation.