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Business Studies for Secondary Schools
National Trade Policy (2003-edition 2023): Micro, Small and Medium Enterprises
The Policy addresses the trade constraints Policy (2020) of Zanzibar: This policy
to sustainable trade growth to ensure a is a comprehensive strategic framework
sustained increase in trade in Tanzania’s designed to foster the growth and
economy. Greater emphasis has been placed sustainability of Small and Medium
on Policy Coherence, Institutional, Legal Enterprises (SMEs) across Zanzibar. The
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and Regulatory Framework; Domestic policy strongly emphasises cultivating
Trade Development; Trade Integration an enabling business environment,
and Value Chain/Addition; Global Trade facilitating enhanced access to diverse
Shocks, Tensions and Disputes; Marketing financial resources, and promoting robust
Infrastructure; Trade Policy Instruments; skills development initiatives. This
Trade and Services; Trade Facilitation; holistic approach aims to empower SMEs
E-commerce and Private Sector to thrive and contribute significantly to
Engagement. This policy aims to create an Zanzibar’s economic diversification and
enabling environment for SMEs to access prosperity.
both domestic and international markets. The importance of policies in promoting
It also aims to enhance efficiency and small businesses
strengthen linkages in domestic production, The importance of policies in promoting
to build a diversified and competitive small businesses includes:
export sector that drives national growth
and development. Creating an enabling environment:
Policies create explicit rules that protect
The Zanzibar Blue Economy Policy business property, ensure everyone
(2020): This policy strategically aims to follows the law, and encourage fair
generate diverse opportunities for small competition. This helps business owners
businesses within the aquaculture and feel safe to invest and try new ideas,
associated marine sectors. To achieve this, knowing the rules will not change
the policy aligns its implementation with suddenly. Thus, decent policies encourage
the effective and thorough application the growth of small businesses.
of the Zanzibar Industrial Policy Addressing market failures: Sometimes,
and the Small and Medium Industry markets have problems. For example,
Development Act. This alignment is some businesses might hide information,
designed to facilitate the inclusive growth pollute the environment, or become
and sustainable development of SMEs too powerful. Policies act like referees,
throughout Zanzibar’s blue economy dealing with these problems. They help
value chains. make sure everyone has a fair chance, no
matter how big or small their business is.
This makes the market work better for
everyone.
Student’s Book Form Three 36
