The growth of a country is determined by the amount of money obtained from goods sold outside it boarders. The trade balance between Kenya and Tanzania has been reversed periodically and goods coming from Tanzania into the country are more than those leaving.
The outspoken member of parliament Farah Maalim has revealed that the gross domestic product of Tanzania has steadily been growing and it might soon overtake Kenya in foreign markets. He was keen to note that the disruption at the port of Mombasa largely contributed to their success as most of the traders switched to Tanzania as trade was free and little barriers were in place.
He was particularly interested in noting that more trucks are entering Kenya through the Namanga border with Tanzania carrying goods than are leaving it. He disclosed that this has caused a trade imbalance and that Tanzania is moving to $80 billion while Kenya's GDP has remained constant at $100 billion.
Farah said that the Kenya Revenue Authority should exercise caution to avoid scaring off investors with a variety of taxation schemes. He continued by saying that this could be another error that costs the nation investment opportunities because the business climate won't be conducive.
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