Prime Minister Kassim Majaliwa admires cotton at the warehouse of a
primary Cooperative Society in Igunga, Tabora Region in July 2019.
Cotton is one of major export to Pakistan. PHOTO | FILEBy Rosemary Mirondo
Dar es Salaam — The
trade volume between Tanzania and Pakistan rose by about 44 percent in
one year, thanks to a rise in the former's cotton exports to the latter.
The Pakistani High Commissioner to
Tanzania, Mr Muhammad Saleem, said
at the weekend that the volume rose from $107.4 million in the 2018/19
financial year to $154.8 million in the previous year.
"The rise was largely due to increased Tanzania's exports of raw cotton, tea and other products," he said.
Speaking at the
weekend during the Pakistan-Tanzania business conference, he said
Pakistan's exports to Tanzania reached $69.8 million during the 2019/20
financial year while the South Asian nation imported goods and services
valued at $85 million from the East African nation.
The conference
sought to outline the way forward for partnerships and shared prosperity
between key government agencies and members of the business community
from both countries.
"Pakistan's major
exports included textiles, linens, tents and woven cotton fabrics among
others while main imports from Tanzania include raw cotton, tea, dry
fruits, cloves, hides, groundnuts, beans and others," he said.
Tanzania also
exports gold, diamonds, coffee, cashew nuts and precious metals among
others while Pakistan exports textiles, agricultural machinery and
equipment, fertiliser, sugar, industrial plants for cement among others.
Also Read
How cloves and seaweeds push up Zanzibar exports
Pitch agribusiness to the world, Tanzanians urged
M-Pesa global transfers climb 300pc
According to Mr
Saleem, Tanzania's Dar es Salaam port also gives Pakistani businesses
easy access to markets in landlocked Malawi, Zambia, Burundi, Rwanda,
Uganda and Eastern DRC.
The embassy was
planning to establish a bilateral business council and promote joint
ventures while holding business opportunity conferences regularly and
facilitating exporters for opening offices.
Tanzanians, he
said, should also consider investing in Pakistan where, he said, the
government was doing everything possible to improve the business
environment.
Tanzania was Pakistan's sixth top trade partner after South Africa, Kenya, Morocco, Nigeria, and Egypt.
No comments :
Post a Comment