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Student's Book Form Five

that include strengthening human capital growth and competitiveness of medium-
and conducting feasibility studies on the sized businesses thereby contributing to
investment infrastructure. The EAC also economic development and prosperity.
signed a Trade and Investment Framework In Tanzania, several national industrial
Agreement (TIFA) with the USA in 2008 strategies, policies and programs have
which is in force to date. stipulated some interventions with
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important implications on medium-sized
Activity 4.2
enterprises growth and sustainability as
exhibited in some of the following policies
Conduct a library search and describe and strategies:
the specific tax incentives provided
under various investment policies in Tanzania SME Development Policy of
Tanzania. 2003: The policy aims at stimulating
SMEs development and growth through

Industrial policies improved legal and institutional framework,
Industrial policies are strategic initiatives enhancement of services provision, and
improvement of infrastructures. Generally,
designed by the government to facilitate this policy intends to create an enabling
the development and expansion of key environment for businesses to prosper in
sectors and industries within an economy. the country including the medium-sized
These policies aim at creating a favourable enterprises.
environment for businesses to thrive.
Industrial policies encompass several National Trade Policy of 2003: The
measures tailored to specific sectors policy aims at transforming Tanzania’s
including fiscal incentives, infrastructure economy by enhancing the competitiveness
development, research and development of the domestic producers to participate
support, and regulatory reforms. in the global economy through trade
liberalization. The trade policy focuses
In the context of medium-sized businesses, on increasing efficiency and linkages in
industrial policies are particularly relevant domestic production to achieve a diversified
as they provide frameworks and support competitive export sector, which in turn
mechanisms to overcome challenges and stimulates growth and development in the
capitalize on opportunities within their country.
respective sectors. Industrial policies
include initiatives geared to streamline Sustainable Industrial Development
regulatory processes, reduce administrative Policy (SIDP); 1996 to 2020: The policy
burdens, and enhance access to finance and emphasised on the promotion of small
market opportunities. Effective industrial and medium-sized industries. To achieve
policies play a crucial role in promoting the this, the SIDP focused on simplification

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