Saudi Press

Saudi Arabia and the world
Tuesday, Jul 22, 2025

Indonesia steps up trade engagement with Egypt to access larger African market

Indonesia steps up trade engagement with Egypt to access larger African market

Indonesia is increasing its trade engagement with Egypt as a gateway for exports to other African countries, its trade minister said on Thursday, following an official trip to Cairo.
Zulkifli Hasan led a trade delegation to the North African country this week as Jakarta seeks to explore export potential in non-traditional markets on the continent.

“(Egypt) is a gateway country to access other African countries,” Hasan told Arab News. “The trip to Egypt was smooth and successful as it strengthened relations between the two countries.”

During his trip Hasan held talks with Egyptian Minister of Trade and Industry Ahmed Samir with whom he signed a memorandum of understanding to form a joint trade committee with the aim of boosting commercial relations.

Hasan said Indonesia wanted meetings under the committee to take place soon so the two countries could “start identifying and discussing bilateral issues.”

“We both agreed that bilateral trade is not yet optimal and there is a need to find breakthroughs,” he said.

“We also agreed that the JTC will be the first step to discuss an Indonesia-Egypt PTA, which we hope will further boost trade relations between our two countries.”

A preferential trade agreement would stimulate trade by reducing or eliminating tax duties on certain goods.

Two-way trade between the countries totaled $1.57 billion last year, with palm oil, coffee beans and coconut oil being Indonesia’s main exports to Egypt.

Coffee beans were in high demand in the North African nation, Hasan said, making the sector a potential growth market for Indonesian exporters.

Indonesia is the world’s fourth-largest coffee producer, accounting for about 7 percent, and the second largest in Asia, after Vietnam.

Also during Hasan’s visit, Indonesian and Egyptian businesses signed preliminary agreements with a potential value of more than $865 million.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Nvidia Becomes World’s First Four‑Trillion‑Dollar Company Amid AI Boom
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
AI Raises Alarms Over Long-Term Job Security
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Russia Formally Recognizes Taliban Government in Afghanistan
Mediators Edge Closer to Israel-Hamas Ceasefire Agreement
Emirates Airline Expands Market Share with New $20 Million Campaign
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
Amazon Reaches Major Automation Milestone with Over One Million Robots
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Trump Asserts Readiness for Further Strikes on Iran Amid Nuclear Tensions
Iran's Parliament Votes to Suspend Cooperation with Nuclear Watchdog
Trump Announces Upcoming US-Iran Meeting Amid Controversial Airstrikes
Trump Moves to Reshape Middle East Following Israel-Iran Conflict
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
Explosions Rock Doha as Iranian Missiles Target Qatar
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Oman Set to Introduce Personal Income Tax, First in Gulf
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Iran Intensifies Crackdown on Alleged Mossad Operatives After Sabotage Claims
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
G7 Leaders Fail to Reach Consensus on Key Global Issues
Mass exodus in Tehran as millions try to flee following Trump’s evacuation order
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
×