Mozambique: Indonesia signs preferential trade agreement

The governments of Mozambique and Indonesia have signed a preferential trade agreement for agricultural and textile products, said Ragendra de Sousa, the minister of industry and trade, quoted on Monday by the daily newspaper.

The agreement between Mozambique and Indonesia was signed in Ricatla, Marracuene district, Maputo province, in southern Mozambique.

Ragendra de Sousa said that the agreement opened opportunities for businesspeople from Mozambique and Indonesia, as they could exploit the economic and commercial potential existing in both countries.

“We let them know which are our priority areas that perfectly fit in with what the Indonesian business community is also looking for,” Ragendra de Sousa said.

In turn, the Indonesian trade minister, Enggartiasto Lukita, pointed to the area of ​​agricultural processing products as being of a strong interest in bilateral trade.

The preferential trade agreement signed by the two countries will consolidate bilateral trade, reducing customs tariffs and trade barriers, as well as diversifying markets and products.