Tanzania Aims to Boost Trade with Russia at SPIEF
Tanzania interested in increasing trade volumes with Russia — president
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Tanzanian President Samia Suluhu Hassan expressed a desire to enhance trade with Russia during the St. Petersburg International Economic Forum, aiming to increase annual trade volumes, currently around $400 million. The forum focuses on global economic transformation and includes various specialized forums and cultural events.
- 01Tanzania's annual trade volume with Russia is approximately $400 million.
- 02President Samia Suluhu Hassan emphasized the need for increased exports from both countries.
- 03The St. Petersburg International Economic Forum (SPIEF) runs from June 3-6, 2023, focusing on global economic development.
- 04This year's SPIEF theme is 'Pragmatic Dialogue: the Path to a Stable Future.'
- 05The event includes various forums such as the SME Forum and the Creative Industries Forum.
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During the St. Petersburg International Economic Forum (SPIEF), Tanzanian President Samia Suluhu Hassan highlighted her country's interest in boosting trade with Russia. She stated that Tanzania aims to increase its exports to Russia while encouraging Russian exports to Tanzania. The current trade volume between the two nations stands at approximately $400 million annually, which has remained stable in recent years. The SPIEF, taking place from June 3 to June 6, 2023, is themed 'Pragmatic Dialogue: the Path to a Stable Future,' and is focused on developing a new model for global economic interaction amid ongoing changes in the world economy. The forum features various specialized discussions, including those on small and medium enterprises, creative industries, and drug security, along with cultural events like the Petersburg Seasons festival and SPIEF Sports Games. The event is organized by the Roscongress Foundation, with VEB.RF as the title partner, and TASS serves as the official general information partner.
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Increased trade with Russia could lead to economic growth and investment opportunities for Tanzania.
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