Pakistan signs two MoUs with Tanzania

Islamabad, December 12, 2020 (PPI-OT): H.E. Muhammad Saleem, High Commissioner for the Islamic Republic of Pakistan to the United Republic of Tanzania, called on H.E. Dr. Palamagamba John Aidan Mwaluko Kabudi, Minister of Foreign Affairs and East African Cooperation of the United Republic of Tanzania, in Dar es Salaam on December 11, 2020, says a press release received here today from Tanzania. As a major leap-forward in bilateral ties, following two MoUs were signed during the meeting:-

Memorandum of Understanding between the Ministry of Foreign Affairs and East African Cooperation of the Government of the United Republic of Tanzania and the Ministry of Foreign Affairs of the Government of the Islamic Republic of Pakistan on Bilateral Political Consultations.

Memorandum of Understanding for the Establishment of a Joint Commission on Economic Cooperation between the Government of the United Republic of Tanzania and the Government of the Islamic Republic of Pakistan. The MoUs provide the institutional framework for structured dialogue between the two friendly countries in political and economic fields to elevate the relations to higher levels. Both sides are also working on various other initiatives including exchange of high level visits, trade delegations and people-to-people contacts to further strengthen the existing cordial ties.

The bilateral trade between Pakistan and Tanzania during financial year 2019-20 valued US$ 154 million. Pakistani business community has invested around US$490 million in the Tanzanian economy providing employment for 5,400 Tanzanian nationals; both countries are working on realizing the existing trade and investment potential following a Tanzanian trade delegation’s recent visit to Pakistan from November 25 December 01, 2020.

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