Indonesian Ambassador to Egypt, Lutfi Rauf, handed over a Certificate of Appreciation to the Food Land Import & Export and Commercial Agencies in Alexandria City, Egypt on Thursday (21/3). The certificate was received by Directors of Food Land Import & Export and Commercial Agencies, Tamer Nasyat El Hennawy, and Ahmed Nasyat El Hennawy.
Ambassador Lutfi in a press release from the Indonesian Embassy in Cairo, Friday (22/3) said that the cooperation that has been well established is expected to continue to increase in the future and provide benefits for both parties. He also remarked that this cooperation at the Business-to-Business level has made a significant contribution to encouraging trade cooperation between the two countries. He added that the Indonesian Embassy in Cairo is ready to provide support in efforts to increase trade cooperation of both countries.
Meanwhile, the Trade Attache of the Indonesian Embassy in Cairo, Syahran Bhakti said that the Certificate of Appreciation is an important award for importers of Indonesian products as well as a means to increase exports of non-oil and gas products to the world market which is given directly by the Indonesian Ministry of Trade. The awarding of the Certificate of Appreciation is expected to increase bilateral trade with recognition of the commitment of Egyptian companies as exporting partners of Indonesian products.
Food Land Import & Export and Commercial Agencies has been importing Indonesian tobacco products for the past 10 years and importing Indonesian Robusta coffee beans for the last three years. In 2023, the company imported more than 1,000 tonnes of Indonesian coffee beans worth US$3.5 million or around IDR 53.31 billion. This year, the company targets importing 1,500 tons of Indonesian Robusta coffee. The company also plans to expand its trade by exporting Indonesian coffee to Algeria, Libya, and Morocco via Egypt.
Based on a report by the Egyptian Bureau of Statistics (CAPMAS), Indonesian coffee bean exports to the Egyptian market in 2023 were ranked first with an export value of US$92.96 million or around IDR 1.46 trillion and controlled a market share of 42.69 percent.