|
THE NATIONAL INVESTMENT PROMOTION POLICY |
|
THE NATIONAL INVESTMENT PROMOTION POLICY
In an effort to further improve the investment
climate in Tanzania, the Government decided
recently to review the Tanzania Investment
Promotion Policy of February 1990. The New
Investment Policy was approved by the Government
in October 1996.
The new Policy underlines the following:
-
Maximum mobilization and utilization of
domestic capacity including cooperation with
other developing countries as well as
industrialised countries
-
Maximum promotion of exports of goods and
services to enhance the development of a
dynamic and competitive export sector The
encouragement of inflows of external resources
to complement national efforts
-
Encouragement and facilitation of the adoption
of new technologies in activities that
especially have a direct bearing on
productivity, quality and increased
competitiveness
-
Enhancement of transparent legal framework
that facilitates the promotion and protection
of all investments
-
Deregulation of the investment approval
process
-
Re-defines the role of the private sector and
puts it into a more central role
-
Creates a balance between administrative
controls and market forces as a means of
allocating resources
-
Re-emphasize political pluralism to enhance
democracy
-
Rededicates the nation'sadherence to Rule of
Law
|
