TanzaniaInvest.com had the pleasure of interviewing Francisco Carlos Soares Luz, Ambassador of Brazil to Tanzania, Comoros and Seychelles.
TanzaniaInvest and Ambassador Soares discussed the current status of trade and cooperation between the two countries, the inflow of Brazilian investments to Tanzania and the future of the Tanzanian economy in view of the recent natural gas discoveries.
TanzaniaInvest: What is the current status of trade relations, investment and cooperation between Brazil and Tanzania?
Francisco Luz: Trade relations between Brazil and Tanzania are now way below its potential and highly concentrated on Brazilian exports to Tanzania, on average more than 99% of the trade flow.
After being consistently on the rise from 2000 to 2012, the year in which bilateral trade reached its peak at USD 67.1 million, commerce between Brazil and Tanzania fell dramatically the following year to USD 24.2 million.
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