Trade exchange bet. Egypt, Indonesia ranges bet. $1.2B-$1.5B in 5 years

CAIRO – 10 August 2020: Trade exchange between Egypt and Indonesia recorded a positive trend over the past five years, ranging between $1.2 to $1.5 billion annually, according to the Ambassador of Indonesia in Cairo Helmy Fawzy.

“Egypt is one of the main commercial and pivotal partners of Indonesia, and it is the main gateway for our products to enter Africa,” Fawzy stated Monday.

This came during the meeting of the Head of the Egyptian Chamber of Commerce in Alexandria and the Headof the Federation of Mediterranean Chambers "ESCAMI", Ahmed Al-Wakeel, with the ambassador and the accompanying delegation of members of the diplomatic mission at the Embassy of Indonesia in Cairo, on the occasion of the end of his term as ambassador to his country in Cairo.

Fawzy explained that Indonesia's main exports to Egypt are palm oil and its derivatives, dairy, tires, rubber, synthetic yarns, paper, vegetable fats, plywood, handicraft products and spices, while Indonesia's main imports from Egypt are phosphates, and agricultural products that are fruits. And chemical fertilizers, olive oil products, and dates.

He pointed out that Egypt's participation in the annual Indonesian Export Fair in Jakarta contributed greatly to enhancing trade between the two countries and increasing the number of Egyptian tourists who visited Indonesia during the past three years, and the promotional programs of Indonesian tourist visits to Egypt increased.

The ambassador added that there are steadfast steps towards opening new horizons for relations between the two countries, especially after the official visit of President Abdel Fatah al-Sisi to the Indonesian capital Jakarta in September 2015 during his Asian tour, which gave a strong impetus and a starting point for the development and strengthening of economic relations between the two countries, which will be reflected positively on trade exchange and the volume of investments between Egypt and Indonesia.

In May 2019: the Egyptian and Indonesian heads of the Egyptian-Indonesian business council signed an agreement for activating bilateral trade exchange.