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Indonesia agrees to import Indian rice & sugar to push trade volume to $50 billion
Sep 18, 2019

SE Asia’s biggest nation Indonesia has decided to purchase rice and sugarNSE 0.74 % from India — a move that will help to reduce trade deficit between the two sides and push trade volume to $ 50 billion by 2025.
 
The bilateral trade is currently in favour of Indonesia and export of rice and sugar from India will help to bridge trade deficit, ET has learnt.
 
This decision to import Indian rice and sugar is understood to have been taken by Jakarta in the backdrop of India providing level playing field to Indonesian palm oil by charging same duties on Malaysian palm oil.
 
On September 16 the Embassy of India, Jakarta, in partnership with the Ministry of Trade of Government of Indonesia, jointly hosted a Multi Product Road Show, focusing on exports of Bovine Meat, Rice and Sugar from India to Indonesia.
 
    

Economictimes.indiatimes

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