Indonesian Ambassador to Tunisia, Zuhairi Misrawi conveyed that after being ratified, Indonesia-Tunisia Preferential Trade Agreement (IT PTA ) has the potential to increase the value of bilateral trade cooperation to US$1 billion or around 15,44 trillion rupiah. In his statement in Jakarta on Tuesday (10/9), Ambassador Zuhairi mentioned that IT PTA includes tariff reduction or dispensation on 250 items. According to the Ambassador, if the value of Indonesia's economic cooperation with Tunisia succeeds in reaching US$ 1 billion, Indonesia will become one of the largest exporters to the country located in the crossroads of Europe namely Middle East and Africa.
The Ministry of Trade stated that the total trade of both countries in 2023 reached US$ 217.6 million or around 3.36 trillion rupiah, and it rose up 1.09 percent compared to the previous year. Ambassador Zuhairi also pointed out that the IT PTA which has reached the finalization stage and is ready to be signed by the two countries, will spur Indonesia-Tunisia cooperation because the absence of such an agreement is one of the significant obstacles in bilateral trade. He also hopes the agreement was signed during the momentum of the 2nd Indonesia-Africa Forum in Bali in early September, but it had to be postponed due to changes in the cabinet in Tunisia.
The signing may be done later in Trade Expo Indonesia in October or waiting for the momentum of the visit of the minister of trade. He believes IT PTA will increase Indonesia's export opportunities to Europe, Middle East and Africa through Tunisia as an intermediary point. In other parts, Ambassador Zuhairi explained that his side is exploring coffee and paper exports to complement Indonesia's main export commodities to Tunisia which consist of palm oil, furniture, fishery products, fruits, and vehicle spareparts.