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Home >> Business
UPDATED: 17:44, June 09, 2006
Tanzania, China trade up in 2005
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Trade volumes between Tanzania and China have grown by almost 70 percent last year to reach 47 million U.S. dollars, according to the latest available statistics available on Friday.

Bilateral trade increased by 66.9 percent to be exact as imports from China to Tanzania posted a growth of 40.6 percent to reach 30 million dollars while exports from Tanzania to China rose 150.1 percent to total 17 million dollars.

The tripled growth of Tanzanian exports of mainly cotton, gold and sisal to China in the past year has been attributed to the Asian country's special preferential tariff agreement being extended on 190 items from most underdeveloped countries including Tanzania.

Sesame seeds, coca beans, wet goat skins, sea shells, waste plastic and seaweeds also enjoy the preferential tariff treatment in the bilateral trade.

Source: Xinhua


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