A section of the Dar es Salaam skyline. Tanzania faces legal suit at
international tribunals over tax, investment policies. PHOTO | REUTERS
In Summary
- Tanzania is among signatories to the BIT with developed
countries which offers companies special protection through a dispute
settlement mechanism.
- The treaty does not provide for regular reviews of issues that affect profitability.
- If
not called for review by October 1, 2018, it will be automatically
renewed for another 10 years as provided for under Article 14.
Parties to bilateral treaty deem investment and tax policies in Dar to be anti-business.
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