14 Jun 2010
(MENAFN) Indonesian Trade Minister Mari Elka Pangestu said that Indonesia and Iraq have agreed to eliminate trade barriers and provide incentives to increase bilateral trade volumes, which suffered a sharp decline last year, the Jakarta Post reported.
During a meeting in the capital city of Jakarta, the two countries’ senior trade officials agreed to establish a task force in the next three months to identify barriers in bilateral trade and investment.
According to the Indonesian Trade Ministry, bilateral trade between Indonesia and Iraq dropped sharply to $41.26 million in 2009 from $265.59 million in 2008.
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