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Indonesia Mozambique Preferential Trade Agreement

Strengthening trade relations with Mozambique, Morocco and Tunis will also provide Indonesia with opportunities to boost trade with the entire African continent; a continent that is a growing market for investment and infrastructure. In 2017, Indonesia`s total trade with the continent reached $8.84 billion, an increase of about 15% over 2016. And although Indonesia has been weak, last year it experienced strong growth in bilateral trade with several African countries, including Liberia (up 284% y/y), Comoros (up 260% y/y) and Gabon (up 215% y/y). There should therefore be much more growth in space in the future, particularly for exports of food and beverages, textiles and palm oil. Total trade between Indonesia and Mozambique amounted to USD 82.2 million in 2017, with Indonesia gaining the upper hand. Last year, Indonesia exported $54.1 million in goods to Mozambique, while Mozambique transported $28.1 million in goods to Indonesia. At the same time, Lukita also met with Mounia Boucetta, Moroccan Secretary of State to the Minister of Foreign Affairs and International Cooperation. It confirmed Morocco`s interest in Indonesia`s proposal to participate in a EPZ. Indonesian Trade Minister Enggartiasto Lukita said the processed agricultural sector was very interested in bilateral trade.

The final agreement was signed on 27 August 2019 in Maputo between Indonesian Trade Minister Enggartiasto Lukita and his Mozambican counterpart Ragendra de Sousa (Minister of Industry and Trade) at the annual FACIM International Trade Show. [1] [5] It was the first trade agreement between Indonesia and an African country. [6] The agreement is not yet in force until May 2020, subject to ratification by both countries. [7] At the first Indonesia-Africa Forum (IAF) in Bali, Lukita banned bilateral talks with Ragendra Berta de Sousa, Mozambican Minister of Industry and Trade. At the end of the meeting, the two sides issued a joint statement reaffirming their commitment to begin negotiations for a preferential trade agreement (EPA).

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