JTC discussed trade settlement in local currencies
India-Tanzania bilateral trade reached US$9.02 billion in 2025–26, rising from US$8.64 billion in 2024–25, according to a Joint Trade Committee (JTC) meeting held on 29–30 April 2026 in Dar es Salaam.
The 5th Session of the India–Tanzania JTC discussed 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.
The JTC meeting was co-chaired by Commerce Secretary, Ministry of Commerce, Rajesh Agrawal, and Permanent Secretary, Ministry of Foreign Affairs and East African Cooperation of Tanzania Dr Samwel William Shelukindo.
The session reviewed the progress achieved since the 4th Session held in New Delhi in August 2017 and reaffirmed a shared commitment to further strengthening bilateral trade, investment, and economic cooperation.
The deliberations highlighted the importance of the JTC as a key institutional mechanism for dialogue on trade and investment issues and for promoting mutually beneficial economic engagement. A comprehensive review of bilateral merchandise trade reflected steady and consistent growth since the 4th JTC held in August 2017 in New Delhi.
Collaboration in 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.
Strengthening cooperation in education and skills development remained a key focus area. The role of IIT Madras Zanzibar as a growing regional hub for higher education in science and technology was highlighted. Enhanced collaboration in MSME sector and to explore new institutional partnerships were emphasised.
The meeting identified areas such as vocational training, industrial research, innovation, and sustainable technologies as promising avenues for cooperation.
Developments in digital cooperation in respect of existing MoU were reviewed, with a focus on digital public infrastructure, including India Stack. Opportunities for collaboration in real-time payments, Digilocker, and digital services were explored. Engagement in e-commerce, including sharing best practices and addressing regulatory challenges, also formed part of the deliberations.
India offered its expertise in shipbuilding and highlighted shipyard development and port infrastructure alongside potential partnerships with Tanzanian institutions.
India’s development cooperation through Lines of Credit exceeding USD 1.1 billion for water infrastructure projects in Tanzania was highlighted. These projects, currently under implementation, are expected to benefit over 6 million people across 24 towns. Continued collaboration in expanding water supply networks and infrastructure development remains a priority area.
The importance of fisheries and marine resources in supporting economic growth, livelihoods, and food security was underscored. Tanzania’s proposal for enhanced cooperation in aquaculture, fish processing, capacity building, and sustainable marine resource management received a positive response.
Emphasis was placed on fostering deeper involvement in healthcare and medicine, as well as enhancing capacity building in fields like oncology, and establishing exchange programs for medical specialists, nurses, and healthcare professionals from India. Collaboration aimed at expanding digital health and telemedicine to guarantee the provision of healthcare services to the most remote areas in Tanzania was promoted. Joint research concerning diseases common in Tanzania, including malaria, tuberculosis, and HIV/AIDS, was also deliberated.
Cooperation in agriculture was emphasised, covering emphasis on technology transfer, agro-processing, and research collaboration. Opportunities for Indian investment in agro-processing industries and value addition for key crops were highlighted. Collaboration in contract farming, micro-irrigation, and trade in pulses, including pigeon peas, was also explored. Engagement in the livestock sector, including dairy development, capacity building, and value chain strengthening, were also agreed as an important area for greater cooperation.
India extended support in the supply of locomotives and rolling stock, modernization of railway infrastructure, and capacity building through specialized institutions. Opportunities for collaboration in feasibility studies and maintenance systems were also explored.
Cooperation in renewable energy, natural gas, biofuels, and power infrastructure was discussed. The need for a comprehensive MoU covering all energy sub-sectors was emphasised. India offered support in consultancy, capacity building, project management, and development of energy infrastructure, including transmission systems and hybrid energy solutions.
A wide range of additional areas of cooperation were discussed, including participation in trade fairs and exhibitions, exchange of agricultural scientists, housing and urban development, and mutual recognition agreements in professional services.
Market access issues, such as tariffs, phytosanitary measures, and regulatory procedures, were addressed, with continued engagement envisaged to resolve these concerns. Cooperation in standardization, competition policy, trade promotion, immigration, and fire and rescue services was also explored.
A delegation of Indian businesspersons, led by the Confederation of Indian Industries (CII), had also accompanied the Commerce Secretary. On the sidelines of the 5th session of India-Tanzania JTC, an India–Tanzania Joint Business Meet was also organized. Commerce Secretary Agrawal delivered the keynote speech, expressing high appreciation for the accelerating trade partnership between the two nations and the growing synergy between their respective markets. with participation from leading Indian and Tanzanian business representatives.
The Tanzanian perspective was represented by John Ulanga, Director of International Trade and Economic Diplomacy, along with several prominent local business leaders. Their remarks focused on the strategic importance of Indian investment and the shared goal of fostering a more integrated and prosperous business environment across the East African region.
The Joint Trade Committee meeting concluded with a reaffirmation of the shared commitment to deepening bilateral trade and economic relations between India and Tanzania. The deliberations reflected a forward-looking approach, emphasizing strengthened institutional mechanisms, faster implementation of ongoing initiatives, and expanded cooperation across key sectors.
The next (6th) Session of the India–Tanzania Joint Trade Committee was agreed to be held in New Delhi, India, on mutually convenient dates, the Ministry of Commerce and Industry said on 1 May. Fiinews.com
