The Ministry of Commerce and Industry stated that the session reviewed progress achieved since the previous meeting held in New Delhi in August 2017. The discussions underscored the continued relevance of the Joint Trade Committee as a key institutional mechanism for structured dialogue on trade and investment matters, aimed at advancing mutually beneficial economic engagement.
According to the Ministry, bilateral trade between India and Tanzania has surpassed nine billion US dollars in the financial year 2025–26, rising from over eight billion US dollars in 2024–25, reflecting steady growth in commercial exchanges between the two countries.
During the deliberations, both sides emphasized the promotion of trade settlement in local currencies as a means to enhance financial efficiency and reduce transactional barriers. The meeting also addressed the facilitation of long-term business visas for Indian businesspersons to support sustained commercial engagement and investment flows.
Regulatory cooperation in the pharmaceutical sector featured prominently in the discussions, alongside capacity-building initiatives in health, AYUSH, education, and shipbuilding. Both nations also explored avenues for enhanced collaboration in the mining sector, including geological exploration and mining activities.
Further discussions focused on value addition in the gemstone sector, regulatory developments governing gemstone exports, and expanding opportunities for capacity building and skill development. These areas were identified as key drivers for strengthening industrial cooperation and improving value chain integration between the two economies.
The conclusion of the session reaffirmed the shared commitment of India and Tanzania to expand economic ties through structured dialogue, regulatory coordination, and sectoral cooperation, reinforcing the strategic importance of the Joint Trade Committee framework in advancing bilateral relations.
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