‘India remains Tanzania's biggest…,’ says MEA S Jaishankar

livemint.com:

During his visit to Tanzania, External Affairs Minister S Jaishankar stated that India's bilateral trade with Tanzania in the previous year amounted to USD 6.4 billion. Jaishankar further highlighted that India continues to be the primary market for Tanzanian exports. These statements were made by the minister during his speech at the India-Tanzania Business Conclave.

Jaishankar extended his greetings to all the dignitaries on the occasion of Saba Saba Day, a significant day that commemorates the establishment of the Tanzanian political party, TANU, in 1954. While addressing the gathering, EAM said, “We have a very sound political understanding between us. We've seen regular high-level visits, including that of Prime Minister Modi a few years ago and we have, of course, very broad, very deep people-to-people contacts regarding economic ties." He stressed that India is Tanzania's best trading partner and that the two countries are committed to taking this forward.

Despite the global disruption and the Covid-19 challenges, India-Tanzania bilateral trade has actually seen very strong growth, said Jaishankar, adding, "The Indian figures actually put our bilateral trade last year at USD 6.4 billion, i.e. is in 2020, 2022 and 2023." "This is not only a very substantial bilateral trade, but it's also actually a bilateral trade which is getting increasingly balanced. And what is most important is that India remains the biggest destination for Tanzanian exports," the External Affairs Minister said.