DAR ES SALAAM – Singapore and Tanzania can harness their individual strengths to create good jobs and inclusive growth, said President Tharman Shanmugaratnam.
There is “real potential for meaningful partnership” between the two sides, from sectors such as agri-business to tourism, he said on June 9 to an audience of business leaders during his state visit to the East African nation.
Describing Tanzania as “a country of immense promise”, President Tharman highlighted its young and entrepreneurial population, abundant natural resources, and strategic position linking regional and global markets.
There are also expanding investment opportunities, including in infrastructure, he noted.
Partnership between the two sides would combine Tanzania’s own advantages with Singapore’s experience in building efficient systems, advanced supply chain management, high-value services and the digital economy, said President Tharman.
“If we can work this complementarity between our two economies well, it can create good jobs, higher capabilities and inclusive growth,” he said at a Singapore-Tanzania joint business forum at the Julius Nyerere International Convention Centre.
He said countries need to diversify by building “new corridors of opportunity” as well as wider and more resilient supply chains. This is as the international order, especially the rules and norms of world trade, grows increasingly uncertain.
While Singapore and Tanzania appear distant on the map, their connection via shipping lanes goes back centuries, noted President Tharman.
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