VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

The Ministry of Trade facilitated the signing of a memorandum of understanding between Indonesian business actors and trading partners from Egypt for four-wheeled vehicle tires amounting to US$20 million. This event was carried out online last Monday (1/11). The signing of the memorandum of understanding was carried out on the side-line of the 2021 Trade Expo Indonesia Digital Edition (TEI-DE) and witnessed online by Director General of National Export Development, Didi Sumedi and Indonesian Ambassador to Egypt, Lutfi Rauf. 

Didi Sumedi thanks the Indonesian trade representative for their support to facilitate business between Indonesia and Egypt. He also appreciates Indonesian businesspeople and entrepreneurs and their trading partners from Egypt, who persistently continue to strive developing amid an uncertain global economy. The trade relations between Indonesia and Egypt will always be good. In the second week of TEI-DE, according to Didi, the total of trade transactions was recorded at US$978.05 million. 

Meanwhile, Ambassador Lutfi Rauf said that TE-DE 2021 is an important moment for Indonesian and Egyptian businesspeople. This moment also proves that Indonesian and Egyptian businesspeople have succeeded in demonstrating good trade cooperation amid the Covid-19 pandemic. The Ambassador also explained that the Indonesia-Egypt trade balance resulted in a surplus of US$2.01 billion for January-August 2021. The surplus generated from Indonesia's exports to Egypt of US$7.68 billion and Indonesia's imports from Egypt was US$5.67 billion.