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| Tanzania and Serbia have established a Joint Economic Commission to boost trade and investment, enhancing cooperation in various sectors. |
Tanzania and Serbia have agreed to establish a Joint Economic Commission aimed at promoting trade, investment, and economic cooperation between the two countries.
The agreement was reached during talks between Tanzania's Minister of Foreign Affairs and East African Cooperation, Ambassador Dr. Mahmoud Thabit Kombo (MP), and Serbia's Minister of Foreign Affairs, Marko Đurić, on the sidelines of the High-Level Commemorative Meeting of the Non-Aligned Movement (NAM) in Belgrade, Serbia.
During the meeting of the two foreign ministers, Tanzania outlined opportunities in agriculture, mining, energy, infrastructure, transport, tourism, fisheries, and the blue economy, while Serbia expressed its readiness to serve as a gateway for Tanzanian businesses targeting European markets.
The leaders also discussed strengthening cooperation between Air Tanzania Company Limited (ATCL) and Air Serbia, as well as enhancing air transport connectivity between Tanzania and Serbia.
Meanwhile, Tanzania commended Serbia's decision to establish a Permanent Embassy in Dodoma and expressed its readiness to further strengthen diplomatic relations, trade, and investment.
Minister Kombo said that Tanzania is prepared to enhance economic and trade cooperation with Serbia, as both governments continue with the process of establishing the Joint Economic Commission.
The leaders' discussions also involved the private sector, with a Tanzanian delegation of approximately 20 participants currently in Serbia, while more than 40 Serbian companies are expected to participate in bilateral trade talks.
This cooperation aims to stimulate trade and economic growth, serving as a key catalyst in expanding the business market and development of both countries.