DAR ES SALAAM Tanzania (Xinhua) --
Trade volumes between Tanzania and Uganda were
exceedingly low, a senior Tanzanian government official revealed
Permanent Secretary for Tanzania’s Ministry of Foreign Affairs
and East African Cooperation, said that as of last year the
volume of trade between the two countries amounted to only 98
million U.S. dollars.
“This trade volume
is very low compared to our deep rooted bilateral relations. I
am sure we will all agree that this is a challenge and we all
need to work on it,” Mwinyi said.
Various sectors from
the two countries should find out why trade between Tanzania and
Uganda was so low, not reflecting the reality of their
cooperation and historic ties since the 1960s, Mwinyi said
during a three-day bilateral talk being held in the east African
nation’s northern tourist town of Arusha.
Nearly 70 officials
- 40 of them from Tanzania and the rest from Uganda—were
attending the talks of the first session of the Joint Permanent
Commission of cooperation set up in 2007 between the two
The Commission was
set up in 2007 but has never met ever since with officials
playing it down, saying the two countries cooperated through
various regional platforms including the East African Community.
Areas of cooperation
being discussed include utilities, transport, communication,
industry, trade and investment, tourism, fisheries, monetary and
fiscal policies, monitoring and surveillance of Lake Victoria.
agricultural modernization, fisheries development and disease
control, health sector, education and training and environment
and water resources as well as matters pertaining to security.
Mwinyi said the
Commission was convened following a directive made by Tanzanian
President John Magufuli and President Yoweri Museveni of Uganda
during the latter’s official visit to Tanzania in February this
indicates that our leaders are committed to re-activating our
cooperation in a more meaningful manner. They wanted the
Commission to be convened as soon as possible to discuss all
areas of cooperation between our countries,” said Mwinyi.
Permanent Secretary for Uganda’s Ministry of Foreign Affairs,
said several agreements will be signed by the two countries at
the end of the talks on Wednesday.
Tanzania signs new budget
support agreement with EU
DAR ES SALAAM Tanzania (Xinhua) --
Tanzania signed a 245-million-U.S.-dollar budget
financing agreement with the European Union (EU) on Monday aimed
at supporting strategic development projects in the next four
Doto James, the
Permanent Secretary for the Ministry of Finance and Planning,
said the 2016-2020 grant will effectively start to be
implemented in the 2016/17 fiscal budget.
“The grant we have
signed today (Monday) is to improve the country’s management in
agriculture, industrial development, health and infrastructure,”
Under the agreement,
he said, the government of Tanzania will receive 60 million U.S.
dollars from the EU as first installment for the 2016/17 fiscal
year budget, adding that the remaining funds will be disbursed
every fiscal budget.
James said the
budget support will play an important role in complementing
domestic resources for financing priority expenditures under the
five-year development plan phase II.
Tanzania is on a
path to rapid industrialization and aims to reach a middle
income by 2025. To ensure that this growth is sustainable the
government has to guarantee that it optimally captures potential
revenues for the national budget.