East Africa: Tanzania, EAC to Reap From Pakistan Market

Published Feb 11, 2021

Tridge summary

Tanzania and other East African Community (EAC) countries are set to expand trade relations with Pakistan, following the latter's import of US$50 million worth of raw cotton from Tanzania last year. The two countries are also looking at potential exports of palm oil, coconuts, cashew nuts, cement, textiles, rice, sugar, machinery, tractors, and ICT apps. Pakistan is ready to support the EAC's industrialization plans in various sectors. The EAC Secretary General has invited a Pakistani business delegation to explore potential areas of cooperation in agro-based industries, higher education, and health supplies.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

TANZANIA and other East African Community (EAC) partner states are set to exploit the Pakistan market, with former already exporting raw cotton to the Asian country. Pakistan High Commissioner to Tanzania and the EAC, Ambassador Muhammad Saleem disclosed in Arusha that last year, Pakistan imported raw cotton worth US$50 million from Tanzania. Speaking after presenting his letter of credence to the EAC Secretary General (SG), Ambassador Liberat Mfumukeko, the Pakistani envoy noted that other potential export crops from Tanzania and the bloc include palm oil, coconuts and cashew nuts. "Economic diplomacy for Pakistan is not about our country dumping goods in East Africa. We are seeking a win-win situation for Pakistan and East Africa," said Ambassador Saleem. He added that education and vocational training were also areas where East Africa would benefit immensely from cooperation with Pakistan. Relations between Pakistan and Tanzania were established in the 1960's, when Pakistan ...

Source: All Africa