Indonesian Trader Close to $1.5b Cambodia Sales Deal
Trading company Galuh Prabu Trijaya is closing in on a deal with Cambodia that could boost sales of Indonesian fertilizer and agricultural machinery by $1.5 billion over five years. The deal would double Indonesia’s annual exports to the Mekong country, as the largest economy in Southeast Asia seeks to diversify its export markets amid slowing demand from China, Europe and the United States. Galuh, through its majority-owned Cambodia subsidiary Signature International Commodities, signed a memorandum of understanding on Friday with the Cambodia Association for Informal Economy Development (CAID), the largest rice farmer association in Cambodia. …
http://www.thejakartaglobe.com/business/indonesian-trader-close-to-15b-cambodia-sales-deal/550207
