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Egypt and Indonesia to ramp up trade exchange

Last month, Indonesian Trade Minister Zulkifli Hasan, left, and Egyptian Minister of Trade and industry Ahmed Samir pose for a picture after stepping up trade engagement.
By TRENDS Desk
July 23, 2023 2:54 pm
  • Both agreed to give a fillip to Indonesian investments in Egypt benefiting from the incentives offered by the Suez Canal Economic Zone
  • Egypt and Indonesia also reviewed all agreements and memos signed between the two nations over the past years

Cairo, Egypt–Egypt and Indonesia will ramp up trade exchange as the two countries look to strengthen the overall ties.

This came during the seventh round of political talks between Egypt and Indonesia which was held in Jakarta.

Middle East News Agency (MENA) quoted the Egyptian Foreign Ministry as saying that his round of talks falls within the framework of preparations for the convocation of the higher joint committee under the foreign ministers of both sides to enhance cooperation between the two sides.

The two sides agreed on giving momentum to Indonesian investments in Egypt to benefit from the incentives offered by the Suez Canal Economic Zone as well as Egypt’s position as a gate to the African market.

The two sides reviewed means of activating all agreements and memos signed between the two countries over the past years.

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