India, Tanzania eye expanded trade in local currencies
Indian Prime Minister Narendra Modi and Tanzanian President Samia Suluhu Hassan Monday expressed a desire to expand bilateral trade using local currencies, according to a joint statement issued after their meeting in the Indian capital New Delhi on Monday, Anadolu reports.
The Indian central bank has cleared the way for trade using local currencies i.e. Indian rupee and Tanzanian shilling by allowing the authorized banks in India and Tanzania to coordinate, the statement issued by the Indian Foreign Ministry said, adding that two sides agreed to continue with the consultations in order to address any concerns so as to ensure the sustainability of this arrangement.
It also said the two sides agreed to increase bilateral trade volume, directing the respective officials to explore new areas of trade.
Samia Suluhu Hassan is on a state visit to India from Oct. 8-10 at the invitation of Indian President Droupadi Murmu.
On Monday, she held talks with Indian Prime Minister Narendra Modi, during which several Memorandum of Understanding were signed.
Modi wrote on X, that he had an excellent meeting with President Samia in which both leaders reviewed the full range of India-Tanzania relations and have elevated our time-tested relation to a Strategic Partnership.
"Our nations have decided to work together to form a five-year roadmap in the defence sector. This will be beneficial for military training, maritime cooperation, capacity building and the defence industry, he said.
Please help us share this, using our share botton. Bookmark Our website https://wap.org.ng
For Christ Sake, Dino Does Not Have What It Takes To Be A Governor At All. It Is Not By Coming To Act In Drama On Television. We Are Talking About Governance...read more Author: adex3g 3 months Comment 0 . Views 106
Apex Igbo Socio-cultural Organization, Ohanaeze Ndigbo Youth Council Worldwide Has Lauded The Independent National Electoral Commission, INEC, And The Security Agencies...read more Author: adex3g 3 months Comment 0 . Views 89
Saudi Arabia On Saturday Helped To Block A Bid By Arab And Muslim Countries To Militarily And Economically Isolate Israel, According To Israeli Media Reports.read more Author: adex3g 3 months Comment 0 . Views 106
ARREST NETANYAHU FOR WAR CRIMES: SOUTH AFRICA FM Foreign Minister Of South Africa, Naledi Pandor, On Sunday Said She Expected The International Criminal Court (ICC) To Issue An Arrest Warrant Against The Israeli Prime Minister Benjamin Netanyahu.
Ododo, Who Is The All Progressives Congress (APC) Governorship Candidate, Defeated His Rivals From The Social Democratic Party (SDP) Muri Ajaka, And Dino Melaye...read more Author: adex3g 3 months Comment 0 . Views 74
Some Argue That Nyesom Wike
Does Not Own A Political Structure
In Rivers State.
They Say He Inherited The Structure
Of Former Governor Peter Odili. read more Author: adex3g 3 months Comment 0 . Views 109