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FYDP III: TZ pushes economic diplomacy

FYDP III: TZ pushes economic diplomacy

WITH foreign policy regarded as a key driver towards attaining economic diplomacy, Tanzania is keenly reinforcing bilateral relations as part of the Five-Year National Development Plan.

The National Development Vision 2025 has been implemented through various Programs and The Long-Term Perspective Plan 2011/12 - 2025/26 whose implementation was divided into three phases of the Five- Year National Development Plans.

The East African state has just kicked off the implementation of the 3rd Five- Year Development Plan (FYDP), the last lap of the country’s long-term Development Vision.

The government sees economic diplomacy as a significant aspect of the country’s economic endeavors geared at realizing domestic needs and priorities sought to promote peace, stability and prosperity.

According to the FYDP III document, regional and international cooperation provide opportunities for the resolution of economic and political disagreements, and for attracting investment.

“The Third Plan has set ambitious goals that are the foundation of the nation’s long-term success. To achieve this, the contribution of every citizen and development partners is needed,” says President Samia.

The implementation of the plan will see Tanzania continue to strengthen its foreign policy through adoption and implementation of approved regional and international development frameworks.

Key interventions include developing and implementing a strategic framework for political and economic diplomacy.

The country also looks to strengthen and expand cooperation and participation in regional and international development and to construct and rehabilitate Tanzania’s embassies’ buildings abroad.

In implementing its strategic implementation of political diplomacy, Tanzania looks to increase the number of bilateral, regional and international meetings participated from 50 in 2019/2020 to 250 in 2025.

The government also wants to increase the number of Tanzanians involved in peacekeeping missions to 3,500 in 2025 from 2,303 in the year 2019/2020.

Opening 10 new embassies and six new consulates abroad is another target in the 3rd Five- Year Development Plan.

The government also looks to conduct 30 Joint Permanent Commissions meetings in the year 2015 from 5 meetings conducted in the year 2019/2020.

Tanzania eyes to sign 80 MoUs in areas of cooperation between Tanzania and other countries in 2025 from 15 signed in the 2019/2020.

The country is also targeting to increase the number of regional and international platforms using Kiswahili as official language from the current five to six in 2025.

It also plans to expand the number of institutions teaching Kiswahili in the regional and international arena from five to ten.

The strategic implementation of economic diplomacy seeks to increase the number of foreign investors from 86 to 430 in 2025.

The country also envisages to attract 8,000,000 tourists in 2025 from 1,600,000 tourists in 2019/2020.

Tanzania also looks to participate in 100 trade fairs and forums compared to 20 which the country participated in the year 2019/2020.

At individual levels, the country wants to see more Tanzanians participate in trade fairs and forums, from 240 in 2019/2020 to 1,200 in 2020.

Honouring pledges and implementation of the FYDP III have been the order of the day for sixth-phase President Samia Suluhu Hassan since her ascension to power in March this year.

She has ushered in new hopes in economic diplomacy by strengthening ties with neighboring countries as well as other countries, saying it is the safest path to sustainable socio-economic prosperity.

President Samia's new pick as Foreign Affairs Minister is Ms Liberata Mulamula – a long time ambassador, who has since moved on to prioritise economic diplomacy.

Amb Mulamula has underscored the need for Tanzanian envoys to foster the country's economic endeavors abroad.

She says the embassies are key in boosting investment and soliciting markets for goods produced in the country, as well as marketing the country's tourism sector.

Bolstering bilateral ties with other countries, intensifying regional cooperation and other international organisations is among key-priority areas that the ministry will focus on in the coming fiscal year.

In her first two months, President Samia met and held talks with President Uhuru Kenyatta of Kenya, President Yoweri Museveni of Uganda, Ethiopian President Sahle- Work Zewde in an effort to foster trade ties with those nations.

Apart from holding bilateral meetings with a host of world leaders and other international institutions, President Samia’s approach to tackling Covid-19, has placed Tanzania in a stronger position in international relations.

The World Health Organization (WHO) has already expressed its happiness on the way President Samia’s government has responded to the pandemic.

The International Monetary Fund (IMF) has also announced its readiness to extend to Tanzania an emergency loan, after it was satisfied by measures being taken in just the short stint.

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