Indonesia and Mozambique Sign Deal to Cut Tariffs

Indonesia and Mozambique signed a preferential trade agreement Aug. 27 that will cut tariffs on trade in some products between the two countries, according to a report from the Mozambique News Agency. Under the deal, Mozambique will lower tariffs on 217 tariff lines covering fishery products, fruits, palm oil, margarine, rubber, soap, paper products, and textile products, according to a report in the Indonesian news magazine Tempo. Indonesia will cut tariffs for Mozambique on 242 tariff lines covering products including cotton, tobacco and nuts, Reuters said.