Business and Regulatory Environment

Description

According to the World Bank Doing Business Report (2014), Tanzania has been ranked 145th out of 189 economies decreasing from a rank of 136th in 2013. Tanzania’s rank is comparatively lower than the regional average of Sub Saharan Africa which stands at 142nd. Among the 10 categories analysed by this study, Tanzania excels in enforcing contracts with a rank of 42nd whereas its performance in dealing with construction permits has been the lowest which is 177th. Tanzania has made dealing with construction permits more expensive by increasing the cost to obtain a building permit. It requires 19 procedures, takes 206.0 days and costs 490.9 per cent of income per capita. Although requirements for launching a business are not time-consuming, the licensing process still costs almost five times the level of average annual income and takes more than 200 days to complete. Despite market liberalization and privatization of the former socialist economy during the 1990s, the government still exerts substantial control over the market and there is sometimes discrimination against market participants. Price controls are still applied in the agricultural sector while labor regulations are not efficient enough to support a vibrant labor market. Government steps to improve the business climate include redrawing tax codes, floating the exchange rate, licensing foreign banks, and creating an investment promotion centre to cut red tape.

The Business Environment: Doing Business

Multilateral Trade Instruments

Abstract


The Trade Treaties Map tool is a web-based system on multilateral trade treaties and instruments designed to assist trade support institutions (TSIs) and policymakers in optimizing their country's legal framework on international trade

Instrument ratified :
Ratification rate :
Weighted score : /100
    Ratification Rate Rank Weighted Score Rank
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In Region :
In Development level :