Indonesia and Egypt ink US$156 thousand elephant ginger trade contract

Published 2023년 5월 3일

Tridge summary

Indonesia and Egypt have signed a cooperation contract for the trade of 120 tons of elephant ginger valued at US$156 thousand. The contract was signed by exporters from Cirebon, CV Al Malaibari, and El Khalada Misr Industry Egypt Company. This is expected to improve the performance of Indonesia's exports to Egypt. Other Indonesian products are also expected to be added to the list to improve trade relations between the two countries. In 2022, the total value of trade between Indonesia and Egypt was US$354.2 million.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Jakarta (ANTARA) - Indonesia and Egypt signed a cooperation contract in Egypt on Sunday, April 30, for the trade of 120 tons of elephant ginger valued at US$156 thousand. The contract was signed by exporters from Cirebon, CV Al Malaibari, and El Khalada Misr Industry Egypt Company. Indonesian Trade Attache in Cairo M. Syahran Bhakti expressed confidence in ever improving performance of national exports to Egypt and requests for spices to be issued more often. "Inking of this trade contract is very crucial in improving the performance of Indonesia's exports to Egypt," he noted in a written statement received here on Wednesday. The exporter can hopefully pay attention to the available payment system, so that the transaction will not be hindered by any issues. It must be ensured first, whether the payment is made with Letter of Credit or Cash Against Documents, he added. Indonesian Ambassador to Egypt Lutfi Rauf lauded the initiative. He expected that the trade ...

Source: Antaranews