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Indonesia seeks to launch trade talks with Egypt this year

( October 16, 2025, 05:30 GMT | Official Statement) -- MLex Summary: Indonesia plans to start negotiations on a comprehensive trade agreement with Egypt by the end of the year, Trade Minister Budi Santoso said after meeting Hossam Heiba, president of Egypt’s General Authority for Investment and Free Zones, in Jakarta on Wednesday. The two countries formed a joint trade committee in 2024 to prepare the framework for a bilateral pact, which may take the form of an economic partnership agreement or a preferential trade agreement. Indonesia hopes to formally launch negotiations at the Developing Eight Trade Ministerial Meeting in Cairo in December. Bilateral trade reached $1.74 billion in 2024, growing at an average rate of 5.8 percent over the past five years, with Indonesia exporting palm oil, coffee and semi-finished iron and steel products to Egypt.Statement follows (Indonesian):...

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