Maputo, Mozambique, 18 June – Mozambique may double its raw cotton exports to Indonesia, the chairman of the Commission for Africa of the Indonesian Chamber of Commerce, Mintardjo Halim said last week, Mozambican newspaper O País reported.
For that purpose, the Indonesia Trade Minister, Mari Elka Pangestu, and her Mozambican counterpart for Industry and Trade, António Fernando, signed a memorandum of understanding for bilateral cooperation in Jakarta, the Indonesian capital.
At the time, Halim said that the value of Mozambique’s cotton exports to Indonesia had totalled US$15 million in 2009.
At a time when a growing number of textile companies are focusing their attention on African nations, as a way of meeting recent growing demand for cotton, projections show that it is likely that Mozambican exports to Indonesia will total around US$25 million this year.
Indonesia imports around US$2 billion in cotton from various parts of the world every year. (macauhub)