Tanzanian traders could reap much benefits from their venture into the foreign market.
The bilateral trade relationship between Tanzania and Comoros Island has not been yielding much fruits. Comoros Island heavily depends on Tanzania for a number of food imports, as it relies on other countries for external help. Their partnership that has been in existence for over 40 years now has been struggling, but hope to straighten bent ends.
It is for this reason that Tanzanian traders have been encouraged to set their eyes on the Comoros Island market and explore business opportunities readily available to sustain their work relationship. Tanzania is a great East African investment hub with potential business opportunities. As Foreign Direct Investments (FDI) creep in the African soil, Tanzanian traders can stretch their reach beyond borders in search of greener pastures, from home.
With a population of 795, 601, Comoros Island has a wide market that can be served by the Tanzanian traders, who are in need of a number of things. It is an open door for traders to venture into foreign markets as they seek to earn foreign revenue from their operation and increase their diversification. It is an eye opener to grow their businesses and learn more from a foreign perspective.
Comoros gets other imports from China, United Arab Emirates and India, some of the major exporters to the Island. With more Tanzanians on board, Tanzania could stiffen competition in the international market and increase its dominance in the country. The move proves to be a healthy step to the business environment, seeking to bolster international trade.
Vegetables, rice and potatoes are some of the products Comoros imports, to feed its citizens. The wide hungry market for these products can be satisfied with more Tanzanian traders focusing on quality processed products to the readily available market in Comoros.