Skip to main content

RI’s Exports to Egypt Rise 21.71%

From The Jakarta Post
March 20, 2015

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. The double-digit increase showed Jakarta’s commitment to continue exploring economic and trade activities with Cairo, said Indonesian Ambassador to Egypt Nurfaizi Suwandi.

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.

for detailed story, visit here
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.
- See more at: http://www.thejakartapost.com/news/2015/03/20/ri-s-exports-egypt-rise-2171.html#sthash.IR0Z4DRx.dpuf

Comments

Popular posts from this blog

Indonesia's Astra Pins Hopes on Inexpensive Cars

From Wall Street Journal Feb 14, 2013 PT Astra International plans to continue dominating Indonesia's booming car and motorcycle markets by spending billions of dollars on expansion and becoming the first auto maker to sell a car priced to reach the country's emerging middle class. Astra controls 54% of the passenger-car market through joint ventures with Japan's Toyota Motor Corp., Daihatsu Motor Co. and Isuzu Motor Ltd., and holds 58% of the motorcycle-and-scooter market through a joint venture with Honda Motor Co.  To expand the pool of Indonesians who can afford a car, Astra plans next quarter to introduce models with sticker prices as low as $8,000 through its joint ventures with Toyota and Daihatsu. Currently, the least-expensive passenger cars in Indonesia sell for at least $12,000. "We will be the first offering affordable vehicles," he said. "This year, [auto-sales growth] should at the very least be flat, provided this ne

Goverment to Build New Port in Subang or Indramayu

From The Jakarta Post April 2, 2015 The government has changed its plan to build a new port in Cilamaya and is seeking a better location in Subang or Indramayu, West Java. Vice President Jusuf Kalla said the government needed to build a new port but it would not be in Cilamaya. The Vice President, who visited Cilamaya with several ministers, including Coordinating Maritime Affairs Minister Indroyono Susilo and Transportation Minister Ignasius Jonan on Thursday, said the new port would be built east of Cilamaya, either in Subang or Indramayu. Kalla said the main reason to move the new port’s location to another regency was because waters in the area were already crowded by offshore mining activities and oil tankers transporting crude oil to Jakarta and other cities. The government has allocated Rp 34.5 trillion (US$2.6 billion) to construct a new port, as Tanjung Priok Port is deemed too crowded. For detailed story, visit here The government has changed its plan to build a new p

POSCO to lift Indonesia investment to $11 billion over next 5 years: Jakarta

From Reuters Oct 19, 2012 South Korean steelmaker POSCO will almost double its investment in Indonesia to $11 billion over the next five years, from $6 billion currently, Chief Economics Minister Hatta Rajasa said on Friday. The world's fourth-biggest steelmaker, already has a multi-billion dollar joint venture with Indonesian state-owned PT Krakatau Steel, the country's biggest steel producer. Earlier this year, the South Korean firm's affiliate POSCO Engineering & Construction, formed a consortium to build two 300-megawatt power plants on Indonesia's Sumatra island, worth around $1 billion. A POSCO spokesman in Seoul said the South Korean firm has yet to make detailed investment commitments in Indonesia, and noted other partners would jointly invest in any projects. Foreign direct investment in Indonesia stayed strong in the second quarter, showing the G20 member remained a magnet in a troubled global economy and that changes in mining ownership r