Imports of Indonesian palm paper and oil to Iran
Imports of Indonesian palm paper and oil to Iran; Indonesian palm paper and oil on the way to Iran The Indonesian Minister of Industry, expressing hope that his country’s products will enter the Central Asian and West Asian markets through Iran, said: “At least 3 Indonesian companies are expanding exports to Iran.”
According to Base 598, Fars quoted Tempo, Indonesian Minister of Industry Irlanga Hartarto said: his country will probably increase the value of exports of industrial products to Iran. At least three Indonesian companies are currently expanding export opportunities in Iran. These companies are Sinarmas Group, Trimega Butrindo and Crisindo Resources.
Sinarmas intends to export pulp, paper, tissue paper and palm oil to Iran. Trimega Batrindo and Crisindo Resources intend to export natural batteries and plastics to Iran, respectively.
The Indonesian Minister of Industry expressed hope that the country’s exports would enter the Central Asian and West Asian markets through Iran. However, he added that bilateral agreements in the banking sector are needed to facilitate transactions between the two countries’ businesses.
According to the Indonesian official, the current payment mechanism is done through banks in other countries such as the UAE, Turkey or Malaysia. “The main challenge is the transaction payment mechanism. “Therefore, Indonesian banks are expected to work with Iranian banks to facilitate financial exchanges to export more industrial products to Iran.”
Natural plastics, palm oil, tires and chemical products are exported from Indonesia to Iran. On the other hand, Indonesia also needs Iranian products such as steel, petrochemicals, minerals and raw materials. The volume of trade between the two countries in 2016 increased from $ 270 million to $ 330 million.
Indonesia’s ambassador to Iran said after the 12th Iran-Indonesia meeting in November 2016 that his country had resumed talks with Iran on increasing opportunities to export Indonesian goods to the country.