World · Africa · 21 hrs ago
Indonesia and Egypt Agree to Expand Cooperation, Set $5 Billion Trade Goal
Indonesia and Egypt agreed to expand cooperation during Egyptian President Abdel Fattah el-Sisi’s state visit to Indonesia.
Indonesian President Prabowo Subianto said the countries would work together on trade, investment and defense.
They also backed efforts to form an Economic Partnership Agreement to improve market access and investment opportunities.
El-Sisi said they aim to raise bilateral trade to $5 billion by 2030 and reduce barriers.
The two countries also agreed on visa exemptions, cooperation on statistics and fisheries, and an action plan for their strategic partnership.
They discussed a joint investment fund and possible projects, with Egypt seen as a route for Indonesian businesses to reach markets in Arab countries, Africa and Europe.
Indonesia and Egypt agreed to expand cooperation in areas including trade, investment, the economy and defence.
The countries set a goal of raising bilateral trade to $5 billion by 2030.
They discussed forming an Economic Partnership Agreement and a Joint Investment Fund.
The agreements were discussed during Egyptian President Abdel Fattah el-Sisi’s state visit to Indonesia.
The two countries also agreed on cooperation in visa exemptions, statistics and fisheries.
- Who
- Indonesian President Prabowo Subianto and Egyptian President Abdel Fattah el-Sisi.
- What
- They agreed to expand cooperation and aim to raise bilateral trade to $5 billion by 2030.
- When
- Sunday, October 11, 2026.
- Where
- Jakarta, Indonesia.
- Why
- To expand market access and investment opportunities and strengthen economic and business cooperation.
This story does not have two clearly opposing sides.
We also agreed to strengthen cooperation in various fields, especially the economy, trade and investment.
We agreed to give special attention to economic and business cooperation, in line with the great capabilities of both countries, and to increase trade to $5 billion by 2030 by continuing all efforts to remove various obstacles.
This story does not have a timeline yet.
- Trade goal
- $5 billion by 2030
- State visit
- Abdel Fattah el-Sisi visited Indonesia on October 11, 2026
- Proposed agreement
- Economic Partnership Agreement
- Proposed fund
- Joint Investment Fund
- Agreed cooperation
- Visa exemptions, statistics and fisheries
Sources
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