Brazil, Czech Republic and South Sudan to Strengthen Trade and Investment with Tanzania

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The President of the United Republic of Tanzania, Dr. John Magufuli has yesterday received the credentials of Mr. Carlos Alfonso Iglesias Puente, Ambassador of Brazil to the country, replacing former Ambassador Francisco Carlos Soares Luz.

Mr. Puente has mentioned that Brazil is ready to further strengthen its relationship and cooperation with Tanzania, particular in the areas of cotton and sugarcane production.

For his part, President Magufuli has assured Ambassador Puente that his government is ready to further strengthen cooperation with Brazil, to promote trade and investment and create a more stable relationship.

After being consistently on the rise from 2000 to 2012, the year in which bilateral trade reached its peak at USD 67.1 million, commerce between Brazil and Tanzania fell dramatically the following year to USD 24.2 million. From January to July 2014, total trade reached USD 11.7 million.

President Magufuli also received the credentials of Mr. Pavel Rezac, Ambassador of the Czech Republic to Tanzania and of Mr. Mariano Deng Ngor, Ambassador of South Sudan.

President Magufuli invited the Czech Republic to join Tanzania in its efforts to develop agriculture and generate electricity, using gas, while he underlined the importance of strengthening the relationship and cooperation with South Sudan.