Tanzania, Singapore eye broader commerce ties

Tanzania, Singapore eye broader commerce ties

DAR ES SALAAM: DEPUTY Prime Minister and Minister for Energy, Dr Doto Biteko has referred to as for elevated commerce between Tanzania and Singapore, highlighting the potential for mutual advantages by way of enhanced financial collaboration.

He stated the 2 nations boast sturdy relationship, urging each to discover the elements which have strengthened their ties through the years to reinforce commerce.

“To enhance trade between Tanzania and Singapore, both countries must establish or enhance trade agreements that reduce tariffs and trade barriers, facilitating smoother exchanges of goods and services,” he stated.

Dr Biteko made the remarks on Monday in Singapore throughout a gathering with Singapore’s Deputy Prime Minister and Minister for Industry and Trade, Mr Gan Kim Yong.

“We need to learn from this relationship, particularly from Singapore, which has achieved significant advancements in the energy sector, with an electricity capacity of over 8 gigawatts,” Dr Biteko acknowledged.

“This is in stark contrast to Tanzania’s approximately 3,000 megawatts, where we plan to reach 10,000 megawatts by 2030,” he added.

He additional famous that this formidable plan can’t be realised with out collaboration with stakeholders and different nations, equivalent to Singapore.

“We hope to see our partnership continue to grow and benefit our citizens,” Dr Biteko stated.

He counseled Singapore for its achievements in photo voltaic vitality manufacturing, saying that Tanzania can be making strides in producing electrical energy from solar energy.

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Dr Biteko stated that the nation is presently implementing a significant Julius Nyerere Hydropower Plant (JNHPP), aimed toward producing 2,115 megawatts, with feasibility research underway for numerous different energy era initiatives.

He prolonged an invite to Mr Yong to go to Tanzania, saying that, on behalf of the federal government and President Dr Samia Suluhu Hassan, they might be delighted to discover additional collaboration alternatives.

“We believe there are many areas where we can work together,” he stated.

In response, Singapore’s Deputy Prime Minister, Mr Yong, expressed his nation’s readiness to proceed collaborating with Tanzania, noting that each nations share comparable wants.

He stated that Singapore depends closely on pure fuel whereas additionally utilising hydroelectric, photo voltaic and wind energy.

Furthermore, he indicated that his nation is ready to cooperate with Tanzania in exchanging experiences associated to numerous points within the vitality sector.

 

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