Tanzania is preparing to boost business flow to the Democratic Republic of Congo (DRC) through Lake Tanganyika by addressing non-tariff trade barriers.
The non-tariff trade barriers are cited as major impediments to trade between the two bordered countries.
According to the Tanzania Ports Authority (TPA), in the 2014-2015 financial year, Lake Tanganyika ports handled 100,000 Tonnes of cargo while in the following financial year the terminals handled 139,000 Tonnes, an equivalent to 28% increase.
This figure dropped slightly to 137,000 Tonnes in the 2016-2017 before shooting back up to 196,000 Tonnes in the 2017-2018 fiscal year, i.e. a 30% growth.
During the last financial year (2018-2019), the terminals handled 199,831 tonnes, equivalent to a 1.14 percent increase on previous period. Addressing the non-tariff trade barriers is set to serve as an incentive to boost trade along the Lake Tanganyika, and we expect to report positive increase at the end of this fiscal year.