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Egypt is Strategic for Palm Oil, Cocoa, and Fishery



Egypt is Strategic for Palm Oil, Cocoa, and Fishery

InfoSAWIT, KAIRO – Egypt is the big country to export fishery and sea products from Indonesia. It is hoped there would be business to business cooperation in larger scale between Indonesia and Egypt’s businessmen to take the chance.

The Trade Attace of Cairo, M. Syahran Bakti said that after being with the Ambassador of Indonesia for Egypt, Lutfi Rauf in his visit work to Fayomei for Import & Export in Fashn, Bani Suef, Egypt, Saturday (17/6/2023).

Syahran said, the population of Egypt reached 110 million. This is a chance and should not be missed. “We encourage Indonesia to join food and industry trade exhibition that would run in phase in Egypt,” Syahran said, as in the official statement to InfoSAWIT recently.

Meanwhile the Ambassador of Indonesian Republic for Egypt, Lutfi Rauf is optimist that there would be chance in any condition though the crisis economic happens in the world and inflation is ahead. “Indonesian embassy in Cairo tries to vanish trade barriers, such as, by activating counter trade scheme among the businessmen from the two countries. It would help Egypt importers to get their export markets and there would be good bargaining position,” Lutfi said.

He is also positive that halal product imports from Indonesia, such as, palm oil and its derivative, and cocoa powder, canned sardine fish, canned tuna fish which their import duty is low enough, only 5% and added by value – added tax about 14 percent.

Indonesian Embassy of Cairo had the chance to visit the factory of Al Ryad (A2R) that produces biscuit and snack by applying supporting products from Indonesia, such as, cocoa powder, and cocoa butter substitute (CBS), and white butter. (T2)

 

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