INDIA and Tanzania have reaffirmed their commitment to deepen bilateral trade and economic ties, with trade between the two countries reaching US$9.02 billion in 2025-26, up from US$8.64 billion in the previous fiscal, according to the Ministry of Commerce & Industry.
The announcement came during the 5th Session of the India-Tanzania Joint Trade Committee (JTC) held on 29-30 April in Dar es Salaam, where both sides reviewed progress and explored new areas of cooperation.
According to the Ministry of Commerce & Industry, “a comprehensive review of bilateral merchandise trade reflected steady and consistent growth since the 4th JTC,” highlighting the upward trajectory in economic engagement between the two countries.
The meeting was co-chaired by Commerce Secretary Rajesh Agrawal and Tanzania’s Permanent Secretary Amb Dr Samwel William Shelukindo. Both countries discussed a wide range of sectors to boost cooperation, including “trade settlement in local currencies, facilitation of long-term business visas for Indian businesspersons”.
ANI
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