BTA2023 Tanzania, according to Russia, seems to have a geographic advantage it can tap into. Russia mentioned Tanzania’s location on the East African coast, which is vital for accessing the neighbouring land locked markets.
The Russian minister of economic development, Maksim Reshetnikov, during the ongoing Tanzania-Russia Business and Investment Forum in Dar es Salaam, noted that Russian logistics can be developed in Africa if Russia keys into Tanzania’s advantageous location.
“The republic could become a single entry point for our products on the African continent, continuing the development of the International North-South Transport Corridor,” the Russian minister stated.
Maksim Reshetnikov also mentioned that Russia could aid Tanzania’s export to the Eurasian Economic Union market, as reported by Sputnik.
The minister emphasised Tanzania’s and Russia’s enormous energy potential, including mining, peaceful nuclear technology development, and renewable energy.
According to him, the collaboration between the two countries additionally focuses on tourism, urban environments, digitization of the economy, medicines, and agriculture.
“We are ready to discuss all this. Together we will resolve issues with settlements and organise contacts between the banks of our countries,” Reshetnikov noted.
Tanzania’s willingness to partner with Russia
In September, During an interview with Sputnik on the sidelines of the United Nations General Assembly, Tanzania’s envoy to the United Nations, Hussein Kattanga, revealed that Tanzania is willing to engage with Moscow at all times.
Tanzania and Russia have had a burgeoning relationship in recent years, so much so that both nations have made public the prospect of doing business with one another in their respective currencies.
Andrey Avetisyan, Tanzania’s ambassador to Russia, stated in June that the two countries are actively working to increase bilateral commerce using their respective national currencies.
A few months prior, in February, Russia and Tanzania began conversing about establishing a direct flight path between their countries.
