Developing countries export structure remain constrained
This newspaper article reports about export situation in Tanzania. According to a Bank report, import of intermediate goods increased by 44.4 per cent due to increase in oil import to 773.2 million US dollar in the period under review compared to 469.6 US dollar recorded in the previous year. Although Tanzania trade balance continues to show higher imports than exports, however, with the fall of imports more efforts should be made to boost Agricultural production to meet both domestic and foreign markets demands. Changing situation could only become beneficial for the economy if the resources set for the purchase of imported foodstuffs are channeled to locally made consumer goods.