This East African Nation is Inching Nearer to Changing into India’s Largest Buying and selling Companion in Africa

Tanzania’s commerce with India has grown at a really spectacular tempo, rising over 20% in the course of the fiscal yr. Media experiences cited the assertion from the Excessive Fee of India in Dar es Salaam, revealing that commerce between Tanzania and India elevated by 22% within the final fiscal yr. Their bilateral commerce worth went up from $6.48 billion in 2022/23, to $7.9 billion within the yr main as much as Might 27, 2024. This meant that Tanzania had moved previous Nigeria which was beforehand India’s second-largest African buying and selling companion, and has taken the nation’s place.Pigeon peas, avocados, and Cashew nuts are a few of the merchandise Tanzania sells to India, whereas it buys petroleum merchandise, industrial equipment, and cars amongst different issues from India.


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