Tanzania Opens an Official Embassy in Indonesia to Promote Business and Investment

On 22nd June 2023, the government of Tanzania authoritatively opened its consulate in Jakarta, Indonesia.

At the send-off function, Tanzania’s Clergyman of International concerns and East African Participation, Dr Stergomena Expense, communicated that the foundation of the consulate would act as a stage for developing collaboration, especially in the monetary area, between the two countries.

“Close coordinated effort among Tanzania and Indonesia has been the standard, and we accept that the authority opening of our consulate here will cultivate more participation between our two countries, particularly in the monetary area,” said Dr Expense.

Besides, Priest Duty featured the potential open doors that a solid collusion with Indonesia, a country with huge financial steps, could give Tanzania.

She zeroed in on Tanzania’s capacity to enhance its agrarian and mineral items, consequently upgrading its seriousness in global business sectors and advancing financial development.

On the Indonesian side, Unfamiliar Priest Retno Marsudi underlined areas of strength for the persevering through connection between the two nations, tracing all the way back to the establishing of the two countries at the Bandung Meeting in 1955.

Marsudi accentuated the meaning of the consulate’s initiation concerning fortifying conciliatory relations. She guaranteed further joint effort to support and improve this relationship, determining a few areas of common interest.

“We will expand our endeavours to circle back to potential joint efforts that have been recognized in different areas. In particular, we expect to upgrade collaboration in exchange and speculation, wellbeing, and advancement. We are likewise dedicated to cooperating to address worldwide difficulties, for example, environmental change and the Coronavirus pandemic,” expressed Marsudi.

She likewise noticed the positive pattern in the exchange relations among Indonesia and Tanzania, expanding by half from 2019 to 2022, coming to over USD 340 million.

Tanzania and Indonesia previously settled strategic relations in 1964, that very year that the Indonesian consulate was formally opened in Tanzania. Preceding the launch of the Tanzanian consulate in Indonesia, Tanzanian interests were addressed through its international safe haven in Kuala Lumpur, Malaysia.

As per the Unified Countries COMTRADE data set, in 2022 Tanzania traded USD 28.22 million worth of products to Indonesia. The principal trades were cloves (USD39.7 million), cocoa beans (USD7.89 million), and crude tobacco (USD7.89 million).

Around the same time, Indonesia traded USD 74.73 million worth of products to Tanzania. The principal imports were palm oil (USD 240 million), stearic corrosive (USD 9.16 million), and other manufactured textures (USD 8.03 million).