Mwanzi1
JF-Expert Member
- Sep 19, 2016
- 6,000
- 4,589
I'm guessing you've seen the last of this question, the question was.... In five to seven years time, the trade deficit between Tanzania and China will be in Tanzanian favour. Je lini kenya itakuwa na trade deficit either with China, or EU, or US in favour of Kenya?Kenya's trade deficit is 10.1% of its gdp. Tanzania's trade deficit is 10.7% of its gdp. Both are harrowing deficits but a Tanzanian of all people shouldn't ridicule the Kenyan trade deficit
For as long as we are still developing nations in the region of ldc and lower middle income, our trade balance will always be negative. You can't produce as a country as much electricity as what a Chinese steel plant uses and expect to have a trade surplus.