JAKARTA: The value of Indonesian exports to Egypt rose by 21.71 percent to US$1.34 billion throughout the 2014 fiscal year from the $1.1 billion recorded in the previous year.
Indonesian Ambassador to Egypt Nurfaizi Suwandi said that the double-digit increase showed Jakarta’s commitment to continue exploring economic and trade activities with Cairo.
“The demand for Indonesian goods is pretty high in Egypt. We are committed to continue increasing our exports to Egypt,” Nurfaizi said Wednesday on the sidelines of the Cairo International Fair (CIF) as quoted by Antara news agency.
According to the Indonesian embassy’s trade attaché in Cairo, Burman Rahman, the primary Indonesian goods exported to Egypt included crude palm oil (CPO), coffee, tea, yarn, textiles, paper, handicrafts, tires, electronic devices, and vehicle spare parts.
There are 17 companies participating at the CIF’s Indonesian stand consisting of 10 Indonesian firms, five Cairo-based companies and two Indonesian-Egypt joint venture firms.
“Our batik and textiles have already penetrated the market in Dubai. Now we want to try to enter the Egyptian market,” said Tutu Nurhasanah from PT Syukestex, one of the participants from Indonesia.
The CIF is the largest annual trade exhibition in Egypt and this year it will run from March 18 to 27.
