Turkish Business Body Launches Office In Tanzania

Turkey's Independent Industrialists' and Businessmen's Association (MUSIAD) opened a representative office in Tanzania, an East African country, the business body announced on Wednesday.

ANKARA, (UrduPoint / Pakistan Point News - 7th Nov, 2018 ) :Turkey's Independent Industrialists' and Businessmen's Association (MUSIAD) opened a representative office in Tanzania, an East African country, the business body announced on Wednesday.

As part of the association's trade diplomacy vision - to have branches in 100 countries by the end of 2018 -- the number of MUSIAD's representative offices in 81 countries reached 211 with the branch in Tanzania.

Ibrahim Uyar, the head of MUSIAD's foreign organization and development commission, said Tanzania has a great importance in trade and business relations between Turkey and Africa.

Calling Tanzania as one of the most reliable and stable country in Africa, Uyar said: "With its almost 60 million population and investment opportunities, the country is an attraction center for business people.

" "The trade volume between the two countries posts an upward trend," he said. "Although the current trade volume is below the desired level, the efforts are promising."In the January-September period this year, the trade volume between Turkey and Tanzania recorded an annual growth of 61 percent, reaching nearly $190 million, according to the Turkish Statistical Institute.

Over the past five years, Turkey's exports to Tanzania amounted to $620.3 million, while the country's imports from Tanzania were $184.4 million.