What are the potential challenges and risks for international companies entering Tanzania?
- The Trade Adviser
- Feb 19, 2023
- 1 min read
Updated: Jun 1
Tanzania, a country located in East Africa, has been gaining attention from international companies looking to expand their business. The country's growing economy, strategic location, and developing infrastructure make it an attractive market for foreign companies. However, there are several potential challenges and risks that international companies should consider before entering the Tanzanian market.
Protectionism: A Major Challenge for International Companies
One of the most significant risks for international companies entering the Tanzanian market is protectionism. The Tanzanian government has a protectionist economic policy that includes imposing import tariffs and other restrictions on foreign imports to protect local industries. This can make it difficult for foreign companies to compete in the Tanzanian market, as they may not have access to the same resources and cost advantages as domestic companies.
