Dar es Salaam, Jul 8 (PTI) External Affairs Minister S Jaishankar on Saturday said that India and Tanzania have started trade settlements in local currencies and this new initiative will help in promoting commerce between the two countries.
Addressing industry leaders at a function, the minister said India-Tanzania bilateral trade has seen very strong growth, and stood at USD 6.4 billion in 2022-23.
“Now, bear in mind, this is not only a very substantial bilateral trade, but it’s also actually a bilateral trade, which is getting increasingly balanced. Many new products are being added to the trade basket…India remains the biggest destination for Tanzanian exports,” he said.
Source :- https://www.ptinews.com/news/international/603968.html
