Despite the global disruption and challenges faced by the pandemic, India and Tanzania's bilateral trade has seen strong growth from both sides, External Affairs Minister S Jaishankar said while addressing the Jawaharlal Nehru University on Tuesday.
India and Tanzania signed multiple Memorandum of Understanding (MoUs) ranging in various sectors including digital transformation, maritime sector and sports aiming to enhance cooperation between the two nations.
India is exploring trade in local currencies with Tanzania, said Dammu Ravi, Secretary (Economic Relations) in the Ministry of External Affairs said on Monday, at a presser.
Citing the long history of trade and people-to-people linkages between India and Tanzania, Prime Minister Narendra Modi and Tanzanian President Samia Suluhu Hassan discussed the need for cooperation in maritime security, adding that Dodoma has an important place in New Delhi's vision of SAGA
Aiming to strengthen bilateral relations and expand cooperation, India and Tanzania elevated their ties to the level of 'Strategic Partnership', following the bilateral meeting between Prime Minister Narendra Modi and Tanzanian President Samia Suluhu Hassan.
Both countries have agreed to work together on the reform of the UN Security Council through expansion in both categories of membership, Dammu Ravi, Secretary (Economic Relations) said.
Tanzanian President Samia Suluhu Hassan on Monday said that India and Tanzania are growing in terms of trade and investment "The numbers are satisfying," further noting that India is the third largest trading partner in Tanzania.
Tanzania's Minister of Foreign Affairs and East African Cooperation, January Yusuf Makamba has said that during Tanzanian President Samia Suluhu Hassan's India visit, the two countries will elevate their defence relationship to a comprehensive strategic partnership with four pillars.
Taking to X, Jaishankar shared about meeting saying, "Good to meet FM @JMakamba of Tanzania today. Preparing for President Samia Hassan's state visit that will take the India-Tanzania relationship forward."