IM-PTA Agreement, Opportunity for Indonesian Palm Oil to Dominate the African Market

Although export-import activities take place every year, for the first time, Indonesia has signed a cooperation agreement with African countries in the Indonesia-Mozambique Preferential Trade Agreement (IM-PTA). The objective of this cooperation is to improve Indonesia's export performance through Mozambique which is expected to become Indonesia's export hub to penetrate the southern and eastern African markets. The Indonesian Minister of Trade, Agus Suparmanto said, "IM-PTA is a milestone for the two countries because it is the first trade agreement for Indonesia with a country in the African region and is Mozambique's first agreement with a country in the Asian region. This agreement is expected to be a starting point to continue. opening market access with other countries in Africa, as well as encouraging the interest of Indonesian business actors to trade and invest with Africa. " Agus further explained, through the agreement, Indonesia will get a reduction in import duty ...