U. S. holds confidence in Tanzania's developmental plans

08:50, June 08, 2011      

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The United States on Tuesday expressed confidence in the Tanzanian leadership and its developmental plans towards poverty eradication.

U. S. Trade Representative Ronald Kirk made the remarks at a press conference in Dar es Salaam, noting that U. S. President Barack Obama wants Tanzania to continue improving its investment climate to attract more investors from the United States, the online Tanzanian newspaper Daily News reported.

Tanzania is to become the largest single recipient of tourists from the United States, which in itself demonstrates the confidence American people have in Tanzania, according to Kirk.

He said Obama was impressed by both political and economic modes, while calling on the Tanzanian government to continue enhancing democracy, good governance and regional cooperation for an effective international business.

As many third world countries, Tanzania trade less with the developed nations thus benefitting little despite what were offered in the market, suggesting that Tanzania and other least developing nations should build a global society by offering better education with global perspective.

Obama has picked Tanzania as one of the four countries in the world to collaborate in key development areas, apart from Ghana, El Salvador and the Philippines, said the report.

For his part, Tanzanian Minister for Industry and Trade Cyril Chami said the country was in need of both local and foreign investors to achieve sustained national development, noting that numerous U. S. investors have expressed interests to invest on Kilimo Kwanza (Agriculture First) and small and medium entrepreneurs development.

The Tanzanian government was committed to remove all red tapes and create conducive environments for both local and foreign investors, Chami added.

U. S. Secretary of State Hillary Clinton is set to visit Tanzania after her trip to Zambia's capital Lusaka on June 10 for the African Growth and Opportunity Act Ministerial Forum, Clinton's deputy spokesman Mark Toner announced in Washington.

Source: Xinhua
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