The contract was signed between CV Al Malaibari, an exporter from Cirebon, and El Khalada Misr Industry Egypt Company, and witnessed by Indonesian Ambassador to Egypt Lutfi Rauf and Cairo Trade Attache M. Syahran Bhakti.
"The signing of this trade contract is very important to improve the performance of Indonesia's exports to Egypt. Hopefully, exporters can pay attention to the payment system offered so that transactions do not experience obstacles," he said.
"In other words, exporters are responsible for providing products and importers secure payments so that there is a continuity of orders for products from Indonesia," he said.
According to data from the Ministry of Trade, the total trade between Indonesia and Egypt in 2022 reached a value of USD 354.2 million. Meanwhile, based on data from the Central Agency for Public Mobilization and Statistics (CAPMAS), the total import of Egyptian ginger from the world in 2022 will reach USD 4.5 million. Countries supplying ginger to Egypt include India, Indonesia, China, Nigeria, Singapore, and Saudi Arabia.