A Tanzanian trade delegation led by Tanzania's Minister of Commerce and Industry, Mr. Amir Jamal?
A Tanzanian trade delegation led by Tanzania's Minister of Commerce and Industry, Mr. Amir Jamal signed a trade Agreement with his Indian counterpart, Foreign Trade Minister Mr. L.N. Mishra in New Delhi on Tuesday (12 December).
The agreement was expected to be an attempt to rectify the balance of trade between the two countries. At present Tanzania sells India about 6,200,000 pounds sterling worth of goods, and buys only about 2,400,000 pounds sterling worth.
The ten-man Tanzanian delegation has been for a week in India since December 5th. During their stay, the delegates held talks with India's President Mr. V.V. Giri and the Prime Minister Mrs. Indira Dandhi. The delegations' visit follows that of President Giri to Tanzania in September, during which the President called for increased trade between the two countries.
The delegation also visited the Asian Trade Fair in Delhi, where Tanzania is one of the four African countries represented.
Earlier, on December 6th, Mr. Amir Jamal also signed a credit agreement with the Indian Finance Minister, Mr. Yeshwantrao Chavan. The agreement allows for a five per cent twelve-year loan of 2,700,000 pounds sterling, to be used to buy machinery from India for projects in the fields of power, and small-scale industrial enterprise.
SYNOPSIS: In the Parliament buildings of New Delhi, a trade agreement was signed on Tuesday between India and Tanzania. Seated to the left, Trade Minister Mr. Mishra signs for India. Commerce Minister Mr. Amir Jamal signs for Tanzania. The agreement is expected to help redress the two countries' wide trade gap... at present India buys from Tanzania nearly three times more than it exports to the African state.
After the signing, Mr. Jamal met the President of India, Mr. V.V. Giri. It was during President Giri's state visit to Tanzania three months ago, that suggestions of increased trade between the two countries were first out forward.
Accompanied by members of his ten-man trade delegation, the Tanzanian Minister later visited the Prime Minister, Mrs. Indira Gandhi. This call was almost the last in India for the Tanzanians. During their week-long stay, they had also visited the Asian Trade Fair, where Tanzania is one of the four African exhibitors. The delegation had also been successful in negotiating and signing a six million pound loan agreement, to be granted by India to a mainland African country.