15 Agreements To Be Signed Between Tanzania And India With A Goal Of $10 Billion In Trade- Makamba.

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India and Tanzania are set to strengthen their bilateral ties with the signing of 15 agreements covering various areas of cooperation during President Samia Suluhu Hassan's visit to India. 

This visit marks an important step in enhancing the relations between the two countries, including the elevation of bilateral relations into a strategic partnership.

Among the anticipated announcements are commitments to boost trade and investment, as well as the possibility of extending a water project in Tanzania, which has received $1 billion in assistance from India. 

The Tanzanian president will also address a business forum in New Delhi, where new agreements and partnerships between Tanzanian and Indian companies are expected to be forged.

The aim of this visit is to enhance trade volumes and explore opportunities for expanding bilateral trade, with a target of reaching $10 billion in trade over the next three years. 

Both countries are also working on a trade settlement initiative in national currencies, which could have significant advantages, including favorable exchange rates and the preservation of foreign exchange reserves.

Defense cooperation is another crucial aspect of the strategic partnership between India and Tanzania. 

While specific details about defense equipment needs will be addressed in later discussions, capacity building, training, technology transfer, joint patrols, and military exercises are all part of the collaboration.

President Samia Suluhu Hassan will have in-depth bilateral discussions with Indian Prime Minister Narendra Modi, focusing on further strengthening the relationship between the two nations.

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