Egyptian businessmen invited to participate in Trade Expo Indonesia 2022 (TEI) in Jakarta

CAIRO – 6 October 2022: Egyptian business community was invited to participate in the Trade Expo Indonesia 2022 (TEI) in Jakarta due to convene on October 19- 23, upon Indonesian ambassador to Egypt Lutfi Raouf’s invitation.

The ambassador’s invitation was extended during his speech at Alexandria-held Egyptian-Indonesian Business Forum on October 4.

“This year marks the 75th anniversary of the establishment of Egyptian-Indonesian diplomatic relations. Over these years, the bilateral relations between Egypt and Indonesia have been developed in several fields of politics, economy, society, and culture,” said Ambassador Raouf.

The Egyptian economy showed resilience during the Coronavirus (Covid-19) pandemic crisis as it recorded a 3-percent rise in the GDP rate and this, consequently, contributed to the successful economic reforms under President Abdel Fattah El Sisi’s leadership, the ambassador added.

He noted that this result has be positively influenced the trade relations between the two countries, particularly in 2021 as the mutual exports increased by 50% to be the biggest mutual trade value achieved in the Middle East and North Africa.

The main export commodities were in the agricultural sector, he said, adding that Indonesia exported to Egyptpalm oil, coffee beans, cocoa, dried coconut, as well as iron, while Egypt exported to Indonesia phosphate products, dates, citrus fruits, oranges and grapes.

The ambassador highlighted the importance of Egypt’s strategic position to be a regional hub for exporting Indonesian products to markets in MENA and Europe.

“The Indonesian government is organizing once again this year the 37th Export Indonesia (TEI) Fair under the theme ‘Strengthening Global Trade for Stronger Recovery,’ and we hope that the TEI will be the bridge between Indonesia and the world,” said Trade Attache at the Indonesian Embassy in Cairo, Irman Adi Purwanto.

He said that the fair sheds light on the B2B trade in tourism and investment to be a platform to connect Egyptian businessmen with innovative Indonesian products and widen the business network in Indonesia.

The Trade Attache added that the 2021 TEL was visited by 27,000 people. The Delegation of Egyptian businesspersons was one of the five largest delegates at the fair.