Thu, 14 Jan 2010
TEMPO Interactive, Jakarta: Trade Minister Mari Elka Pangestu met with her egyptian counterpart Rachid Mohamed Rachid to discuss trade barriers and improve commercial ties between the two countries.

After the meeting at the Trade Department on Wednesday (13/1) Minister Mari Elka said Indonesia sees Egypt as an entry point to african and arabian markets as the country has become member of several regional trade pacts. “While egypt sees Indonesia as a gate into the asian markets.”

The two sides according to Mari are considering a joint study to look into other potentials to improve investments, while Egyptian Trade Minister Rachid Mohamed Rachid both countries will conduct a study on trade barriers. “There will be a joint committee to discuss and find solutions to overcome the issues,” Rachid said.

Bilateral trade between the two countries valued at US$1 billion in 2008 with Indonesia' export recorded at US$790.7 million and Egypt's export at US$210 million. In 2009 trade value was down to US$632.5 million with Indonesia exports at US$555.1 million and Egypt's exports at US$77.4 million.

Agriculture commodities dominiated indonesia's export to Egypt namely crude palm oil and rice.

EKA UTAMI APRILIA



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