The European Business Group was formed in early 2015 and is a strategic partner for improving Tanzania’s business climate and promoting trade and investment between Europe and the East African country.

Historically, Europe and the United Republic of Tanzania have had a strong economic relationship in regard to investment, trade and donor relations. As a bloc, the EU is Tanzania’s second export destination and its third largest trading partner.

Roughly 17% of Tanzania’s global exports are destined for the EU’s 28 Member States. According to IMF and EUROSTAT statistics, total trade between the EU and Tanzania amounted to €1.3 billion in 2016.

​The European Business Group is supported by the EU, its Member States and EFTA Diplomatic Missions and is intended to act as a structured association in support of the European private sector operating in the United Republic of Tanzania.  This group allows firms to exchange information and experience, and carry out advocacy and lobby activities together under one common “European businesses” banner.