VP urges Tanzania, Korea to broaden financial cooperation

VP urges Tanzania, Korea to broaden financial cooperation

DODOMA: VICE President Dr Philip Mpango has known as for deeper financial cooperation between Tanzania and South Korea, urging elevated commerce and funding that may profit each nations.

During a gathering with the South Korean Ambassador to Tanzania Ms Eunju Ahn at Chamwino State House in Dodoma, Dr Mpango emphasised the necessity for South Korean buyers and enterprise leaders to discover alternatives in Tanzania, notably in manufacturing and industrial improvement.

He famous that processing uncooked supplies domestically wouldn’t solely enhance commerce but in addition drive expertise switch and create extra jobs for Tanzanians.



Dr Mpango reaffirmed Tanzania’s dedication to strengthening its partnership with South Korea, a relationship that dates again to 1992 and has supported improvement in key sectors equivalent to schooling, infrastructure, ICT, well being, agriculture, trade, and power.

He additionally counseled South Korea for its continued help, highlighting the significance of the not too long ago signed settlement on strategic minerals.

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He identified that Tanzania’s wealthy mineral assets align with the worldwide shift in direction of inexperienced expertise and sustainable financial progress.

On labour relations, Dr Mpango expressed Tanzania’s willingness to collaborate with South Korea in job placement programmes.

He urged Ambassador Ahn to facilitate Tanzania’s inclusion within the Employment Permit System (EPS) that permits Tanzanian staff to entry job alternatives in South Korea like shipbuilding, manufacturing, and fashionable agriculture sectors.

He additionally pressured the significance of strengthening cooperation in schooling, notably in coaching healthcare professionals to concentrate on superior medical fields.

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Beyond commerce and labour, Dr Mpango emphasised the necessity for cultural and linguistic alternate, calling for enhanced collaboration in sports activities and the promotion of the Kiswahili language in South Korea.

The Vice President reaffirmed Tanzania’s readiness to increase bilateral ties and deepen cooperation in areas that may drive financial progress and improvement for each nations.

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