The ongoing economic reforms and institutional restructuring are the basis of the current favourable business environment in Tanzania. Liberalisation of the economy has opened many opportunities for both local and foreign firms in the export and import business as well as in other related business activities. Tanzania is basically a producer of tropical agricultural commodities for its export trade.
Imports are basically machinery, oil and related products, as well as, manufactures.
The current reforms are aiming at making Tanzania participate fully in the world market not only, as producers of tropical primary commodities but also as a producer of tropical manufactured products. In the spirit of such reforms Tanzania welcomes foreign firms to establish themselves in the country, on their own or in joint ventures with Tanzanian nationals.