A trade delegation from Tanzania visited Pakistan Chambers of Commerce and Industry, (FPCCI) Head Office led by Mr. Paul Koyi, President, Tanzanian Chamber of Commerce, Industry and Agriculture (TCCIA). The delegation visited on the invitation extended by Sultan Rehman, Vice President (FPCCI) in September at the Conference on “Pakistan and Tanzania Economic Relations”.
Sheikh Sultan Rehman, Vice President (FPCCI) while greeting the delegates expressed his views on meaningful business and trade cooperation between Pakistan and Tanzania. He quoted that the volume of Pakistan-Tanzania bilateral trade in goods and services has increased from US$107.4 million in the Fiscal Year 2018-19 to USS154.8 million in 2019-20. Pakistan’s exports in goods and services in the Fiscal Year 2019-20 valued at US$69.8 million while imports from Tanzania valued at US$85 million. He further said that the Pakistani companies could invest in the agriculture sector in Tanzania for skill development, job creation, and technological up-gradation, the supply of quality inputs, like seeds, biotechnology, and betterment of supply chain management. Since the development of the manufacturing sector is important for the growth of Tanzania, Pakistan should support creative productive capacity, training programs, and technical cooperation. He added that the emergence of Tanzania as a marvelous tourism destination; Pakistani companies could focus on various types of tourism products such as adventure tourism, coastal and safari tourism, medical tourism, wildlife tourism, and cultural tourism.
Paul Koyi, President of, Tanzanian Chamber of Commerce, Industry, and Agriculture said on the occasion that Tanzania is a very peaceful country its economy depends on agriculture, mining, and tourism. Mining is contributing 70% of GDP. Tanzania is a large producer of agro products tea, avocado, dry fruits, is lacking in processing units so our tea and other products are being exported by Kenya to other countries if we have an investment in the agro-processing industry we will be able to export directly. He further said that Tanzania is blessed with mountains, beautiful beaches and the best national parks in the world and the gateway to 17 countries of the region; we invite Pakistani tourist companies to start operations in Tanzania.
Sheikh Sultan Rehman recommended that both countries should focus to form a joint business council leading to the formation of a joint chamber of commerce to promote and participate in trade fairs and exhibitions, B2B meetings, and trade delegations. Trade sections of embassies of both countries should also be more attentive to bilateral business development.
On this occasion an MOU was also signed between the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Tanzanian Chamber of Commerce, Industry, and Agriculture (TCCIA) for collaboration to expand trade between Pakistan and Tanzania.
Caption Picture:- A trade delegation from Tanzania visited Federation House Karachi on the invitation of FPCCI. On this occassion Paul Koyi, President Tanzanian Chamber of Commerce, Industry and Agruculture and Sheikh Sultan Rehman, Vice President FPCCI signed a Memorandum of Understanding to collaborate for expansion of trade between Pakistan and Tanzania.