ZKL attended the first Czech business mission to Tanzania

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Jul 17,2014

The Camber of Commerce of the Czech Republic in cooperation with the Czech embassy in Addis Ababa organized business mission to Dar es Salaam, the capital of Tanzania, on 27.6. – 2.7.2014. It was the first mission of Czech companies in this territory, and it was realized during the occasion of the international trade fair called Dar es Salaam International Trade Fair. ZKL Bearings, along with 11 other Czech companies presented in the stand of the Czech Republic. The stand was provided by Tanzania House of Business, the Tanzanian partner. On the occasion of the exhibition companies established initial contacts. ZKL negotiated with the Tanzanian company which is interested in the supply of bearings for local railways with other potential distributors. We believe that this cooperation may successfully develop. Tanzanian market with 45 million inhabitants has great future potential. The local government has created favorable conditions for foreign investors and also created new economic zones. The main benefits of investment in Tanzania include political stability, favorable geographic location, tax benefits and attractive fiscal regime, investment protection enacted in conjunction with the excellent cooperation with local banks and the strong support of state institutions.

(ZKL Group)

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