
China Day at Tanzania's largest trade fair underscores innovation, collaboration
Fatma Mabrouk Khamis, principal secretary for the Ministry of Trade and Industrial Development in Zanzibar, made the remarks when addressing the trade fair.
She described China Day as a vibrant platform showcasing the richness, diversity, and innovation of Chinese industries, from cutting-edge technologies and green energy solutions to traditional craftsmanship and globally renowned manufacturing.
She emphasized that Tanzania regards China not only as a key trade and investment partner but also as a driving force in building a future based on smart collaboration, mutual learning, and shared prosperity.
Chinese Ambassador to Tanzania Chen Mingjian noted that over 300 Chinese companies are currently operating across various sectors in Tanzania, including agriculture, manufacturing, mining, tourism, and services, contributing significantly to the country's industrialization.
According to Chinese customs data, bilateral trade volume reached 4.1 billion U.S. dollars between January and May this year, she said.
Cathy Wang, director general of the East Africa Commercial and Logistics Center Limited, the primary sponsor of the fair, said that approximately 200 Chinese exhibitors are participating in the 49th DITF, with many having already invested in Tanzania's growing industrial sector.
"The strength of 'Made in China' is fueling Tanzania's industrial transformation," Wang stated.
Joseph Mramba, founder and executive chairman of the Youth Investors Association, applauded China Day for highlighting the growing influence of Chinese enterprises in Tanzania and strengthening bilateral relations.
"I encourage young Tanzanian entrepreneurs and investors to attend and explore the many opportunities for collaboration with Chinese enterprises at this year's DITF," said Mramba.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Star
12 minutes ago
- The Star
‘No extensions': Trump locks in August 1 deadline for US tariffs
US President Donald Trump said on Tuesday he would officially extend until August 1 his declared deadline to impose 'reciprocal' tariffs on dozens of economic partners, indicating that this time he really meant it. The move keeps Trump's negotiating leverage at a boil even as it imposes additional uncertainty on the global economy amid new fears of a trade war. The US president also said during a cabinet meeting Tuesday he would impose a 50 per cent tariff on imported copper and planned to slap long-threatened levies on pharmaceuticals and semiconductors. Trump added that ties with Beijing have improved. 'We have had a really good relationship with China lately, and we're getting along with them very well,' he said, adding that he was speaking regularly with Chinese President Xi Jinping. 'They've been very fair on our trade deal, honestly,' he added. In the past, Trump has claimed having calls that Beijing declined to confirm. The postponement of a deadline Trump had originally said would be Wednesday came as the '90 deals in 90 days' that his administration vowed to complete has run into severe headwinds, prompting the president to issue 14 unilateral letters on Monday. These notes, all but identically worded, would impose elevated tariffs of 25 per cent or more effective August 1 for major trading partners Japan and South Korea and for smaller economies like Laos and Cambodia, with more missives expected. 'In addition to letters that will be sent today, tomorrow, and for the next short period of time, TARIFFS WILL START BEING PAID ON AUGUST 1,' Trump posted on his social media account. 'No extensions will be granted.' Trump has also warned nations that any move to counter Washington would see their US duties increased by an identical amount. But even as he sent out his letters Monday, he told reporters that his new deadline was 'firm, but not 100 per cent firm', adding: 'I would say final – but if they call with a different offer, and I like it, then we'll do it'. The European Union and Japan were reportedly close to reaching trade pacts with the US. Financial markets have dubbed the president's pattern of repeated threats and climbdowns 'Taco', for 'Trump always chickens out'. Trump's declaration follows days of characteristic 'will he or won't he' drama amid his vows that America would 'no longer be ripped off'. Over the weekend, Trump threatened to impose unilateral tariffs of up to 70 per cent by Wednesday and hinted at as many as 10 imminent deals, even as he and his aides previewed a more realistic August 1 date – provided countries negotiated 'in good faith'. Broadening his injection of tariffs into foreign policy as well as domestic politics, the president also said he could apply a 10 per cent duty on Brics countries for their 'anti-American' agenda. Imposing higher duties on US-bound shipments arguably gives Trump a domestic win in line with his 'America first' narrative and bid to rejuvenate US manufacturing. But it is also likely to deepen mistrust among close allies and trading partners, erode US global leadership and, analysts said, undercut the interdependence that has informed much of the post-World War II period – issues of little apparent concern for Trump. The rush to deal in recent days stems from Trump's April 2 'Liberation Day' announcement that all US trading partners would be subject to 'reciprocal' tariffs of up to 50 per cent, from the wealthiest countries to the most impoverished. Days later, however, as markets plunged and companies yelped, Trump announced a three-month reprieve, set to expire on Wednesday, during which trading partners – except China – would be subject to 10 per cent higher tariffs pending a deal. Increasingly, as the flood of deals failed to materialise, however, the administration focused on a smaller number of agreements with major economies and take-it-or-leave-it letters for the rest. Trump said that all 100-plus US trading partners would get letters by the original Wednesday deadline. Adding to the confusion, Trump has teed up various sectoral negotiations involving steel, aluminium, autos, pharmaceuticals and semiconductors amid claims of unfair trade and national security concerns. He has also levied punitive tariffs on imports from nations he has linked to illegal migration and illicit fentanyl shipments to the US. 'It is easy to agree on wanting a quick deal – but much harder to agree on what the terms of that quick deal should be,' Nico FitzRoy, a partner at Signum Global, a financial advisory firm, said. Agreements announced in recent weeks – actually more like broad frameworks, analysts said, given the rush and lack of detail – have covered Britain, China and Vietnam. After a May deal with Britain, it appeared that the 10 per cent higher tariffs London had accepted would be the rough benchmark for future agreements. Beijing was next when it agreed to 30 per cent higher tariffs last month, though it was considered a separate category given the complexity of US-China relations and the country's huge historical trade surplus. The announcement last week, however, that Vietnam had agreed to 20 per cent higher tariffs – and 40 per cent for Chinese goods transshipped through the country – has raised concerns that Trump would push for larger average tariff increases. Some analysts now surmise that levels could settle at around half of Trump's peak threats given that the initial tariff for Vietnam was 46 per cent. But trying to predict Trump's next step is complicated by his admission that his 'intuition' is often the main factor in his decision-making. 'These tariffs aren't coming off,' said Henrietta Treyz, a founder of the Veda Partners consultancy, adding that '10 per cent tariffs are the floor, not the ceiling'. Another concern for many anxious delegations cycling through Washington is the risk that, once he agrees to a deal, Trump could turn around and threaten additional sectoral increases. 'Can Trump really be expected to agree to 'promise' trading partners they won't be hit by future tariffs?' asked Andrew Bishop of Signum. Japanese leaders voiced 'regret' on Tuesday at the announced 25 per cent tariffs but expressed hope that Washington and Tokyo would reach a mutually acceptable 'package'. In the coming weeks, look for the White House to roll out headline 'deals' to purchase US products but to 'kick thornier issues around digital taxation, labour standards and phytosanitary standards out into the future', Treyz said. As negotiations have intensified, the broad outline of Trump's playbook has become more evident: keep allies off balance with shifting demands and frequent changes; visibly and publicly threaten their core interests to increase leverage; then release pressure with a deal framed through a narrow economic lens with limited regard to broader foreign policy objectives. The lack of detail accompanying the deals, some promoted as 'historic', has also created room for misunderstanding, accusations and backsliding. After US and Chinese officials reached an agreement in Geneva in May, it quickly came off the rails and required another high-level meeting weeks later in London. In some cases, details only surfaced later: last week, three makers of chip design software, including Siemens, noted that the Trump administration had lifted restrictions on sales to China. Trump and his advisers have repeatedly claimed that tariffs cost 'nothing' and that foreign nations, not American consumers, pay. But a JPMorgan Chase Institute study last week of US companies linked to international trade found that current tariff levels would add some US$82 billion in new costs for mid-sized firms accounting for a third of US private-sector jobs. - SOUTH CHINA MORNING POST


The Sun
4 hours ago
- The Sun
Asia's stability vital for global peace says China's Wang Yi
KUALA LUMPUR: Chinese Foreign Minister Wang Yi emphasised Asia's stability as crucial for global peace, reaffirming China's commitment to ASEAN-centric diplomacy amid rising Global South influence. Speaking at the ASEAN-China Post-Ministerial Conference, he underscored principles of good-neighbourliness and shared prosperity. 'In this time of global change, facing choices of unity or division and peace or conflict, we must learn from history and promote a fair, orderly world with inclusive economic globalisation,' Wang said. The event, chaired by Malaysian Foreign Minister Datuk Seri Mohamad Hasan, coincided with the 58th ASEAN Foreign Ministers' Meeting. Wang noted 2024 as a milestone for ASEAN, citing the ASEAN Community Vision 2045 and Timor-Leste's upcoming membership as steps toward stronger regional unity. He highlighted progress in China-ASEAN ties, including the nearing completion of CAFTA 3.0 negotiations, with a signing expected this year. The ASEAN-China-GCC Summit was praised as a breakthrough in cross-regional cooperation. Wang also cited advancements in maritime stability, with the Code of Conduct (COC) reaching its third reading. On security, China has intensified collaboration with Myanmar, Laos, and Thailand to tackle online scams and transnational crime. Wang also referenced President Xi Jinping's April visits to Vietnam, Malaysia, and Cambodia, which strengthened bilateral relations. Cultural ties flourished, with over 100 exchange programmes held annually. The Lancang-Mekong and ASEAN visas have streamlined travel, boosting personal and familial connections. – Bernama


Malaysia Sun
4 hours ago
- Malaysia Sun
China's expansive South China sea claims fuel regional instability, trade risks, ASEAN warns
Kuala Lumpur [Malaysia], July 10 (ANI): The Association of Southeast Asian Nations (ASEAN) has urged all parties involved in the South China Sea dispute to act with 'wisdom and prudence' to preserve regional peace and safeguard global trade, the South China Morning Post (SCMP) reported on Thursday. Speaking at the ASEAN-China meeting in Kuala Lumpur, Malaysia's Foreign Minister Mohamad Hasan warned that rising geopolitical tensions, particularly between China and the United States, posed serious risks to regional security and the global economy. 'We must therefore ensure that geopolitical tensions do not escalate or threaten to undermine security and global trade in the South China Sea,' he said, as quoted by SCMP. The remarks come as tensions grow between Beijing and Washington over both trade and territorial issues. ASEAN member states have long walked a diplomatic tightrope, relying on the US for regional security while deepening trade ties with China, the SCMP reported. That balance is being tested further by the looming imposition of 40 per cent US tariffs on Chinese goods, set to take effect on August 1, following President Donald Trump's recent trade announcement. At the heart of ASEAN's concern is China's expansive claim over the South China Sea, based on a controversial 10-dash line map. The waterway, which sees over USD 3.5 trillion worth of trade annually, is claimed in part by multiple ASEAN members, including the Philippines, Vietnam, and Malaysia. China's growing military presence and island-building in contested areas have raised alarms across the region, according to SCMP. Mohamad Hasan also referenced ongoing talks on the long-delayed Code of Conduct (COC) in the South China Sea. 'We are confident that with the full commitment of all parties in the negotiations, we should be able to conclude an effective and substantive COC in the not-too-distant future,' he said, as reported by SCMP. China was represented at the meeting by Foreign Affairs Minister Wang Yi, who met ASEAN ministers ahead of a series of talks involving other key partners, including Russian Foreign Minister Sergey Lavrov and US Secretary of State Marco Rubio as well as top diplomats from Australia, Canada, New Zealand, Japan and South Korea. According to SCMP, Rubio, the highest-ranking US official to visit the region since Trump's return to office, was also scheduled to meet Malaysian Prime Minister Anwar Ibrahim later in the day. ASEAN continues to emphasise neutrality and unity amid growing pressure to choose sides. Still, the region remains deeply vulnerable to the global rivalry between China and the United States, the South China Morning Post reported. (ANI)