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Tanzania: Ireland to boost agriculture with new partnership

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Thursday, 20 December 2018

Tanzania: Ireland to boost agriculture with new partnership

Ireland has launched a new partnership worth US$1.14mn with Trademark East Africa to facilitate increased trade and improve income opportunities within Tanzania’s agriculture sector. Trademark East Africa’s work in Tanzania centres on strengthening the environment for trade and business, with a focus on increased physical access to markets, building an enhanced regulatory environment for trade and promoting improved business competitiveness. This will be Ireland’s first grant to TMEA and it is expected that further support will be provided over the coming three years. The grant to Trademark East Africa complements its investment, announced in September, of an additional US$3.14mn to improve Tanzania’s economy. Underlining the importance of trade for sustainable economic growth, ambassador Sherlock said, “Over the past 50 years, Ireland has evolved from being a relatively closed economy to one of the most open economies in the world. This experience has transformed our country beyond recognition. As a small open economy, trade and investment have become fundamental to achieving sustainable growth in Ireland and quality jobs for all our citizens.” Increased trade is a powerful means by which to stimulate economic growth and job creation in Tanzania and it will need to be a central priority if Tanzania is to achieve its target of becoming a middle-income country by 2025. Ambassador Sherlock also emphasised the importance of Trademark East Africa’s work over the coming six months in supporting the operationalisation of the Tanzania Mercantile Exchange and on its specific programming which supports increased inclusion of women in cross-border trade. “This programme builds the capacity of women traders in Tanzania, including supporting them to mobilise resources to establish industrial parks for women food processers, and be able to access markets outside Tanzania.”

Source: africanfarming.net