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prospects and enter larger markets to distribute their products and services.
"International" trade fairs in Tanzania are usually filled with the same companies in town; Stands flooded with imported consumer products available in shopping centers. Few institutions present research and development products; and even less show interest and potential for internationalization.
Tanzania has become more and more of a business center in East Africa thanks to its democratic functioning and its positive economic development in recent years.
Therefore, Tanzania has expanded and modernized the air, rail, energy, road transport, airports and ports to comply with international standards. Many companies are interested in the Tanzanian and East African market for both export and import.
The rapid industrialization and modernization of many African countries have resulted in increased demand for equipment goods such as machinery, lubricants, and spare parts.
The auto parts market, in particular, has been an attractive sector for global exporters, as Africa has recorded a remarkable increase in imports of 30% or more. [19659002LearningapprenticeshipcanbetterfacilitatedintheexportofthecraftexperienceofthedistributionofknowledgeandtechnologyAlongsthebenefitsoftheinternationalcommerceprovincemainlytheautomaterialofanappropriateommercommercialtrategyandtradefromtradeexchange
There are comprehensive empirical studies on the impact of trade on economic growth. Prior to the 1960s, trade effects research was limited to a few specific countries.
With the development of econometrics, however, many complex methods based on a mathematical model were introduced to analyze the interactive impact between trade and economic growth.
Up to now, discussions in this area have generally been divided into two categories. We focus on the causal relationship between international trade and economic growth to examine whether economic growth is propelled by international trade or vice versa. The other deals mainly with the contribution of foreign trade to economic growth.
The few companies that are "international" are usually small businesses from neighboring African countries, and without the strong financial backing to make the necessary impact, with respect to the important trade agreements.
Over the years, many of them have stopped participating in the SABASABA INTERNATIONAL TRADE FAIR in memory of some of us.
It may be time to take a look at the "international" adage. -visualize the content of the fair and the diversity of participants, etc. Such a review should settle what makes the international fair, the minimum standards established to meet the international call, etc.
The numbers are enough to contain one or two major international trade fairs for between two weeks and a month. These can attract wider patronage, and a large number of visitors, throughout the exhibition period.
The Food and Hotel Show; the Essential Infrastructure Protection Fair for the Oil and Gas Industry (LNG); Exhibition and conference on clean energy and the environment; Food and Beverage Tec Fair, Tourism and others, are planned separately, at AICC in Arusha or Dar es Salaam and recently in Dodoma or Zanzibar.
Company-specific trade fairs are welcome; however, larger-scale combined fairs are likely to attract a wider audience and offer the opportunity for the business community (and government) to explore other areas in which they are not involved. Would not have known about it.
Industrial development in a balanced way. This is evident from the path that the Ministry of Trade and Industry has taken in formulating and implementing policies; plus the role the minister has played over the years to complement the growth efforts of local businesses.
The 5th phase government has become an important voice for private sector companies, advocating for the most appropriate policy framework and building the capacity of local businesses, among others …
The public sector in Liaison with the Ministry of Trade and Industry, CTI and other stakeholders should work closely together in the planning of trade fairs. This cooperation should include broadening the participation of participants in "international" trade fairs in Tanzania.
They should focus on strengthening existing partnerships and creating new networks at global, regional and subregional levels.
To harmonize these efforts, they should integrate the three dimensions of sustainable development – economic, social and environmental –
that enhance productive capacities to sustain and transform the economy, encourage economic growth and improve creation of decent jobs; improves productivity and development, especially the small and medium-sized enterprises sector, micro-industries and new forms of community entities.
Invariably, planning partners should seek to build bridges between the business community. and build mutual trust.
Since most developing countries find it difficult to attract investment and to assess relevant knowledge and solutions to persistent problems, it is essential to strengthen international cooperation. Trade shows have an important role to play in promoting such a cause
Business networking should be emphasized as an indispensable addition to more traditional forms of international cooperation. Empirical evidence shows that most of per capita income comes from technological advances.
Therefore, trade show planners should identify the latest practices and encourage learning and networking strategies. all sustainable development, approach.
Industrial development should be systematically included in the national development agenda in order to stimulate growth, increase employment, and improve the standard of living. Therefore, trade show planning should prioritize these as ultimate benefits.
The SabaSaba International Trade Fair Center is terribly underutilized. The revenue required to maintain the complex infrastructure can only be small, resulting in a deterioration of infrastructure and random maintenance schedules.
After this international SabaSaba fair in July. 2018, there will be a year available to plan the next one. Stakeholders should collaborate with other organizers of international fairs to make the SabaSaba International Trade Fair an annual or biennial event to which international companies expect.
For example, the CTI, the Ministry of Commerce and the private sector could contact the German Trade Mission to organize a fair involving a hundred companies from all over Europe.
Nicknamed Africa-Europe Fair; all African countries could participate by focusing on promoting intra-African trade and between African and European companies leading to the industrialization of the African continent.
The year alternately will witness the fair Africa-Organization of American States. This will involve businesses from Canada, the United States of America and other countries; that is, all South American / Latin American countries that are members of the Latin American economic bloc.
The next will be the Africa-Asia Trade Show, focusing on products and services available in China, Korea, Japan and other Asian countries. Tigers "
Planners of trade fairs in the United Republic of Tanzania should base their activities on productive competence and global trade capacity building, sustainable production in addition to the efficiency of industrial resources. [19659002InsummarymostempiricalstudiessupportthepositiveeffectsofopennessoneconomicgrowthFullliteraturestaticanddynamicgainsintradecouldbefound
Static gains in international trade refer to the improvement of production or social welfare with a fixed amount of inputs or supply of resources.These are mainly the results of the increase in foreign exchange reserves
First, opening to the world market offers the opportunity to trade at international prices rather than at the same time. This opportunity offers an exchange gain because domestic consumers can buy cheaper imported goods and producers can export goods at higher foreign prices.
In addition, there is a gain in specialization. New prices established in free trade encourage industries to reallocate the production of goods that the closed economy produced at a relatively high cost (comparative disadvantage) to goods that it produced at a relatively low cost (advantage comparative). By using its comparative advantage in international trade, a country could increase total production and social welfare.
First, international trade sectors based on comparative advantage still benefit from economies of scale through the expansion of production stimulated by the massive demand of the world market. This translates into lower production costs, a significant accumulation of capital and an increase in employment.
Secondly, international trade is one of the channels that promotes technological spillovers between countries, which translates into a favorable impact on the level of productivity.
The endogenous growth of an open economy is achieved through "learning by doing" which introduces a diffusion of technology across assets and countries. International trade, which transmits knowledge internationally, could increase the absorption capacity of trading countries by promoting technological progress.
The increase in productivity also goes through practice and innovation. Finally, international trade brings about strong institutional changes. International trade not only facilitates trade in goods and services, but also ideas on market mechanisms.
Developing countries are learning to apply their market power more effectively with less government intervention to increase transparency. Especially in bilateral and multilateral trade, participants must fulfill their commitments to international rules and regulations to bridge the gap between developed countries as this gives domestic industries increasing access to foreign equipment and advanced technology .
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