Tanzania is a member of the East African Community (EAC), Southern African Development Community (SADC) and the Africa Continental Free Trade Agreement (AfCFTA), which provide access to a market of 500 million people and a potential market of 1.3 billion people. As of 2023, Tanzania is covered by the African Growth and Opportunities Act (AGOA), which grants Tanzanian goods duty-free access to the U.S. market.

Tanzania is a country of amazing promise and opportunity. Key factors include:

• A growing population of 60 million people
• It has one of the fastest-growing economies in Sub-Saharan Africa (GDP of $62.4 billion)
• Its economy is poised for more growth
• The country enjoys low inflation, a stable labor force, and strong economic performance
• As a portal country, Tanzania coordinates consolidated purchasing for eight surrounding countries (Kenya, Uganda, Rwanda, Burundi, Democratic Republic of Congo, Zambia, Malawi and Mozambique)
• May 2023, Moody’s Investors Service assigned Tanzania B2 Positive rating
• June 2023, Fitch Ratings assigned Tanzania B Positive with a stable outlook