The UAE-Tanzania economic relations have witnessed significant growth in recent years. The non-oil trade exchange between the two countries reached $2.5 billion in 2022 with a 11 per cent growth compared to that of 2021.
In 2022, Tanzania became the UAE’s fourth largest trading partner among non-Arab African countries, accounting for 7.2 per cent of the country’s total non-oil exports.
According to Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, the record growth in the UAE-Tanzania non-oil trade serves as a solid foundation for achieving greater economic integration between the two countries, especially in the areas of trade, investment, logistics, travel, tourism and mining among others.
“Tanzania is a key trading partner of the UAE as our non-oil trade exchanges continue to grow. We look forward to further strengthening our existing cooperation and expanding the scope of trade and investment relations to broader levels,” he said.
Zeyoudi made the revelation during a meeting with with Dr. Ashatu Kijaji, Minister of Investment, Industry and Trade of Tanzania, to discuss the strengthening of trade and investment relations between the two countries.
The meeting took place during a recent Tanzanian delegation’s recent visit to the UAE.
The meeting discussed prospects for cooperation in areas of shared interest and the means to generate more opportunities for both business communities.
Source: Khaleej Times