THE government has reported more tangible progress towards establishing an open and increasingly transparent and consistent legal framework for business environment across the country.
The Minister for Industry and Trade, Dr Abdallah Kigoda, said during the launch of Panasonic's wide range of products under 'Eco Solutions' in Tanzania over the weekend that as a result of such efforts, the economy has continued to perform strongly, with current growth at around 7 per cent.
"We have witnessed increased business operations in our country. However, one of the major problems to our economy is the issue of counterfeit and sub-standard products, " he noted.
The minister pointed out that this has negative effects to the manufacturing sector and to the unsuspecting consumer."The government loses in uncollected tax revenue, legitimate industry loses its rightful share of the market to pirates and consumers are exposed to substandard, falsely described and possibly dangerous goods," Dr Kigoda pointed out.
He, however, said the image of the well-established brands is also destroyed. The minister urged the business community to collaborate with government institutions such as TBS, FCC and Weights and Measures in fighting this problem.
"Many of us have grown using variety of products from this company. As a proud Tanzanian, I am delighted that Panasonic has chosen Tanzania as the 1st country to launch "Electrical Construction Material and Air Moving Solutions" products for the East African Market," he remarked.
Dr Kigoda noted that as the economy progresses, such products would be a big boost to the construction industry due to their proven durability and reliability.
"Such quality products will help improve the competition and trigger better quality standards all around. On behalf of the Government, we are happy to see the intent of Panasonic and look forward to see many such reputed brands launching their products in Tanzania as a gateway to East Africa," the minister enthused.
He assured the firm of complete government support, wishing Panasonic and United Trader all the best after the successful launch of the new products. Panasonic is almost 100 years having been established in 1918.