Indonesia is seeking to expand its exports to the Mediterranean and North African markets by exploring closer trade cooperation with Morocco.
The countries are exploring the establishment of a preferential trade agreement (PTA) to reduce tariff barriers and enhance the competitiveness of Indonesia's manufacturing industry, state-news agency Antara quoted Faisol Riza, deputy minister of industry as saying.
"Morocco holds a strategic position as a gateway to North Africa and the Mediterranean region. We see significant opportunities to leverage this advantage to broaden market access for Indonesian industrial products while strengthening partnerships in future-oriented sectors such as aerospace, the halal industry, pharmaceuticals, and renewable energy," Riza added.
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