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MOZAMBIQUE and Tanzania intend to introduce coastal shipping services to boost trade between the two countries, undertaken by small and medium-sized enterprises, reports Agencia de Informacao de Mozambique.
According to Mozambican President Filipe Nyusi his government will hold a business forum between the two countries to explore the commercial gains that a maritime trade would bring.
Said President Nyusi: "One of the things coastal traffic between Dar es Salaam and Mtwara [in Tanzania] to Nacala, Nampula and Pemba [in Mozambique] is activity to small and medium-sized entrepreneurs."
He explained that there are Mozambican products that are in demand by Tanzanians, such as cashew nuts, cement, zinc sheeting, just as Tanzania also has goods that are in demand in Mozambique.
"There's a lot that Tanzanians need in Mozambique; they have factories that sometimes don't have products, so we'll have to organize a more structured business forum between Mozambique and Tanzania," he said.
On the other hand, delegations from Mozambique and Tanzania expressed their concern at the significant drop in trade between the two neighboring countries, which fell from US$55.8 million in 2022 to $20.1 dollars in 2023.
"During our discussions, we analysed ways and means of reversing this dismal trade situation," President Nyusi said.
He also believes that there will be greater maritime circulation between the two countries in the near future. "The stability of the metical [the Mozambican currency] helps a lot for those who want to do business in Mozambique. It doesn't fluctuate much," he said.
https://www.shippingazette.com/news?news_id=9240700000403
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