
The trade and investment relations between Egypt and Indonesia have been significantly promoted in the last period, said Egypt's Ministry of Industry and Trade.
In a statement on Thursday, the ministry said Egypt and Indonesia's trade exchange from January to May has increased 15 percent compared to the same period of the previous year.
The Indonesian investments in Egypt reached USD 88.5 million in the first five months of 2015, while the Egyptian investments in Indonesia hit USD 1.3 million at the same period of 2014, the statement said.
According to the statement, the Egyptian exports to Indonesia increased from USD 66 million in the first five months of 2014 to USD 84.2 million in the same period of this year, an increase of 28 percent.
Meanwhile, Egypt’s imports from Indonesia from January to May soared to USD 579 million compared to USD 510 million at the same period in the previous year.
Egypt's President Abdel Fattah El Sisi plans to visit Indonesia on Friday, the first by an Egyptian president in 32 years.
Sisi will hold bilateral talks with Indonesian President Joko Widodo and will sign several agreements.
The Egyptian president's visit to Indonesia will boost the bilateral relations and increase trade exchange between Cairo and Jakarta, said a top official with the Egyptian trade ministry.
GMT 15:13 2018 Saturday ,20 January
US 'erred' in supporting WTO membership for China, RussiaGMT 17:22 2018 Thursday ,18 January
US industrial output in 2017 posts biggest gain since 2010GMT 17:12 2018 Thursday ,18 January
No more bonuses for Carillion bosses after UK collapseGMT 17:20 2018 Wednesday ,17 January
EU to remove Panama, South Korea from tax haven blacklistGMT 17:16 2018 Wednesday ,17 January
Citigroup reports steep Q4 losses tied to US tax reformGMT 17:11 2018 Wednesday ,17 January
Pressure rises on British govt over Carillion collapseGMT 17:52 2018 Monday ,15 January
Iran jetliner deal could take longer to complete, Airbus saysGMT 17:44 2018 Monday ,15 January
EU to remove Panama, Korea, UAE, 5 others from tax haven blacklist
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor