While co-chairing the 10th India-Tanzania Joint Commission Meeting in Dar es Salaam last week, Indian External Affairs Minister S. Jaishankar called on Tanzania and India to further enhance bilateral relations.
The two nations are already “important trade partners” and have always been strong since Independence, said Jaishankar.
Jaishankar said India and Tanzania share a very robust economic engagement, by growing development cooperation, and by excellent cooperation in the multilateral forum.
“For India, Tanzania is the fourth-largest trade partner in Africa. It is the biggest development partner in the continent and I am truly pleased that the current momentum is now developing into a growing ambition of cooperation, and I would like to reaffirm India’s commitment to strengthen and deepen our relations with Tanzania.”
During the meeting, emerging areas of interest were discussed and the two sides exchanged views on international issues.
“We are pursuing our G20 presidency through a process of close consultations with our partners of the Global South, and I would like to recognize that Tanzania was one of the countries which actively participated in the Voice of the Global South Summit, which was organised by us in January 2023.”
Jaishankar underlined how, despite the challenges of Covid-19, the bilateral trade between India and Tanzania reached new heights.
“Coming to our bilateral engagements, we have noted our increasing political cooperation as well as the broadening trade basket which shows that it is now over USD 6.4 billion. Our investments in Tanzania are also increasing.”
“I think, in focusing greater attention on investment opportunities in Tanzania, where Indian business was concerned. India is today among the fastest-growing large economies in the world. Tanzania is certainly among the fastest-growing economies in Africa, and this rapid growth on both ends will surely create more opportunities for our businesses,” he added - ANI