The 5th Session of the two-day India-Tanzania Joint Trade Committee concluded in Tanzania to further strengthen bilateral trade, investment, and economic cooperation. Ministry of Commerce and Industry said that the session reviewed the progress achieved since the last Session held in New Delhi in August 2017.
The Ministry informed us that bilateral trade between the two nations reached over nine billion dollars in 2025-26, rising from over eight billion in 2024-25. The deliberations highlighted the importance of the Joint Trade Committee as a key institutional mechanism for dialogue on trade and investment issues and for promoting mutually beneficial economic engagement.
Discussions during the meeting also covered the promotion of trade settlement in local currencies, facilitation of long-term business visas for Indian businesspersons, strengthening regulatory collaboration in pharmaceuticals and capacity building in areas of health, AYUSH, education and shipbuilding. Collaboration in the mining sector, including geological exploration and mining; value addition in the gemstone sector, regulatory developments related to gemstone exports and opportunities for capacity building and skill development were discussed.
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