THE Governor for Rwanda’s Eastern Province, Madame Judith Kazayire has reiterated her government’s commitment to strengthening relations and creating a conducive business environment to further improve trade between the two countries.
Ms Kazayire made these remarks this
morning in her opening remarks during a good neighborliness meeting
between Rwanda’s Eastern Province and Kagera leaders held in Bukoba
Municipality.
She noted that improving business and
bilateral ties between Rwanda and Tanzania will increase trade flow,
boosting Rwanda’s exports to Tanzania. “Indeed, this is a milestone in
scaling up the campaign on trade development, trade facilitation and
investment promotion.
We have to work together to find a
lasting solution on economic, social and security–related matters facing
people on our common borders including drug trafficking,” she said.
Rwanda and Tanzania have been important
trading partners, noting that the new development will foster trade and
cooperation in different aspects. Tanzania was Rwanda’s third largest
trading partner in the region last year, with total trade between the
two countries amounting to $68 million, down from $70.8 million in 2014.
This, however, reflects a decrease of
about four per cent, which experts attribute partly to challenges
businesses faced while trading with their Tanzanian counterparts.
Ms Kazayire paid tribute to Tanzania for
the hospitality in assisting thousands of refugees who fled Rwanda
following the 1994 genocide, adding that increased trade will enhance
economic and social development.
“This can be done through enhancing
partnerships between business people from both countries, identifying
and solving barriers faced by entrepreneurs in a timely manner, and
increasing facilitation to strength regional trade and investment in
select sectors,” she remarked.
On July 1, last year President John
Magufuli visited Rwanda and explained that the Tanzania Port Authority
(TPA) will open an office in Kigali as an effort to promote and increase
trade with Tanzania.
The establishment of the Rwanda Inland
Container Depot (ICD) will facilitate the handling and storage of
Rwanda’s cargo, of which 70 percent passes through the Dar es Salaam
port.
During the visit, President Magufuli
stressed the importance of railways for the economies of Tanzania and
Rwanda. Tanzania allocated TZS1tn in its 2016–2017 budget for the
construction of the Standard Gauge Railway (SGR) to connect the port of
Dar es Salaam to Rwanda and Burundi.
The SGR is expected to further increase the cargo volume handled at the Dar es Salaam port.
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