Iran’s trade with East African nation of Tanzania hits $70 million in 2022

Trade between Iran and Tanzania reached $70 million last year, Iranian Ambassador Hossein Alvandi Bahineh said.

The envoy made the announcement on the 40th anniversary of ties between the Iranian government and the East African nation in a ceremony held in Dar es Salaam.

Tanzania’s Foreign Affairs and East Africa Cooperation Minister Stergomena Tax graced the occasion and hailed the cordial relations between the two countries.

The Iranian envoy said trade had increased over the years due to the developing commercial and economic capacities of the two countries.

Alvandi affirmed that Iran is ready to expand cordial relations in all political, economic and cultural fields based on mutual interest, asserting that Iran is also ready to provide its capabilities to support Tanzania’s development efforts.

The minister noted that Tanzania will soon host the fifth round of the Joint Permanent Commission of Cooperation between the two countries, Financial Tribune reported.

She assured the Iranian envoy that Tanzania is ready to host the Iranian delegation, with both sides reaffirming their commitment to strengthening cordial ties and easing trade links, investment flows and cultural exchanges.

“Tanzania and Iran have enjoyed cordial relations and cooperated in areas such as health, education, culture and agriculture,” she said, expressing gratitude to the Islamic Republic for support.

The minister noted that as friendly nations, they have supported each other bilaterally and internationally in the past 40 years.

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