KONTAN.CO.ID - JAKARTA. Indonesia and Mozambique have signed a preferential trade agreement (PTA), removing tariffs for hundreds of products to boost trade volume between the two nations, the Indonesian trade ministry said in a statement on Wednesday. Mozambique will lower import tariffs for 217 Indonesian products, including palm oil, margarine, rubber, paper products, fruits and fisheries, according to the statement. In exchange, Indonesia will cut tariffs for 242 products, including cotton, tobacco and nuts, from the southeastern African country, the ministry said.
Indonesia, Mozambique sign new trade deal
KONTAN.CO.ID - JAKARTA. Indonesia and Mozambique have signed a preferential trade agreement (PTA), removing tariffs for hundreds of products to boost trade volume between the two nations, the Indonesian trade ministry said in a statement on Wednesday. Mozambique will lower import tariffs for 217 Indonesian products, including palm oil, margarine, rubber, paper products, fruits and fisheries, according to the statement. In exchange, Indonesia will cut tariffs for 242 products, including cotton, tobacco and nuts, from the southeastern African country, the ministry said.