UAE Tanzania Trade Relations
Since the United Arab Emirates (UAE) and Tanzania established their diplomatic relations in 1974, the two countries have been maintaining robust, evolving ties.
Tanzania opened its embassy in Abu Dhabi in 2002, while the UAE reciprocated by opening its embassy in Dar es Salaam in 2007.
From 2003 to 2016, UAE’s direct accumulative investment in the Tanzania rose to USD991.5m.
The trade balance between UAE and Tanzania stands at around USD2b annually. Despite the decline of 8.8% in non-oil trade exchange between the two countries from USD1.58b in 2014 to USD1.45b in 2015, Tanzania, occupies the 41st rank in the list of UAE’s non-oil trading partners.
Tanzania imports mainly refined petroleum products from the UAE, while the UAE is the largest buyer of cloves from Tanzania.