Türkiye and Tanzania Sign 6 MoUs in High-Level Meeting

​President Recep Tayyip Erdoğan hosted Tanzanian President Samia Suluhu Hassan in Ankara, where the two heads of state convened a joint press conference and oversaw the signing of six memoranda of understanding (MoUs), including one on Cooperation in Promotion and Facilitation of Investments between Türkiye's Investment Office and the Tanzania Investment Center.

President Erdoğan highlighted Tanzania as one of Türkiye's most significant partners in East Africa, emphasizing the continuous development of relations within the framework of win-win principles.

Following discussions centered on boosting bilateral trade and investments, President Erdoğan highlighted the substaintial growth in bilateral trade volume, which surged from USD 11 million in 2003 to USD 345 million in 2023. President Erdoğan also emphasized that the true potential for trade exceeds the current figures. Both leaders expressed their commitment to elevating the bilateral trade volume to USD 1 billion in the near future.

President Erdoğan underscored Tanzania's position as the third country in Africa and the top market in Sub-Saharan Africa in terms of projects undertaken by Turkish contractors while also expressing pride in Turkish companies' significant investments in various fields such as infrastructure.

President Hassan reiterated Tanzania's commitment to enhancing relations between the two countries, acknowledging Türkiye as a valuable partner. President Hassan also expressed satisfaction with the advancements in various sectors discussed in their bilateral meeting.

During the joint press conference, Türkiye and Tanzania signed six agreements spanning various sectors such as investment, education, and diaspora policy. In this regard, Investment Office Vice President Zeynel Kılınç  and Tanzania Investment Center Director General Gilead Teri signed an MoU aimed at promoting and facilitating investments. 
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FDI; Investment; Türkiye; Resilient Partner; Tanzania; East Africa