Tanzanian PM’s visit opens up chances for bilateral ties
It aims to promote economic, trade and investment relations, especially in agriculture and farm produce processing, between Vietnam and Tanzania.
Vietnam and Tanzania established diplomatic ties on February 14, 1965. During Vietnam ’s resistance war against US aggressors, Tanzania gave support, both materially and spiritually, to Vietnam and considered it as an example for oppressed nations, especially those in Africa .
The two countries have already signed a number of agreements and deals covering bilateral cooperation in economy, trade, science and technology. They also set up an inter-governmental committee.
Tanzania wants to step up its cooperative ties with Vietnam in the field of agriculture and is willing to zone off a large area for joint projects. It has asked Vietnam to send experts to Tanzania to help with agricultural and irrigation development.
Two-way trade remains modest, reaching 30 million USD in 2007, with 18.3 million USD coming from Vietnamese exports. Vietnam mainly exports rice to Tanzania and imports cotton, wood, garment materials and leather products from the African country.
Tanzania ’s economy has grown steadily in recent years, posting a growth rate of 4.5 percent in 2009 despite adverse impacts of the world economic downturn. Its export revenues surged to 2.74 billion USD last year from 2.1 billion USD in 2007.
As a member of the Organisation of African Unity (OUA), the United Nations and the Non-Alliance Movement (NAM), Tanzania has played an important role in maintaining solidarity in Africa and promoting South-South cooperation./.
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