Iraq, Indonesia agree to boost trade ties

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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