Tanzania: Why Tanzania's Fish Exports Have Risen 82pc in Four Years

Published 2020년 8월 24일

Tridge summary

Tanzania's fish exports experienced an 82% increase over the past four years, reaching Sh696 billion in the 2018/19 financial year, up from Sh379.25 billion in 2015/16. This growth is attributed to increased production volumes and the abolition of burdensome taxes. The government has also enacted and amended various laws and regulations to further boost the sector, including reducing export fees and encouraging local participation. As a result, fish production has seen a significant increase, with a 37.2% rise from the 2015/16 financial year to the 2019/20 financial year, and importation values have decreased dramatically.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Dar es Salaam — Tanzania's fish exports rose by a goodly 82 percent in the past four years - thanks to a rise in production volumes, and the decision to scrap some nuisance taxes associated with the fisheries sub-sector. Fisheries and Livestock Development minister Luhaga Mpina said yesterday that the country exported fish and fish products worth Sh696 billion in total during the 2018/19 financial year, up from Sh379.25 billion in the 2015/16 financial year. "We revisited the extant laws and regulations, and created new ones, aimed at boosting production, stimulating local and international markets and cutting operational costs," he said. The government has enacted the Deep Sea Fishing Management and Development Act 2020, replacing the Deep Sea Fishing Authority Act of 1998. The aim of the new law, according to the minister, is to attract more public and private sector investors in the sector. The government has also reformed the Fisheries Act (No 22 of 2003) with the aim of ...
Source: All Africa

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