Jakarta, Aug. 7 -- Indonesia and New Zealand signed a memorandum of understanding (MoU) on Thursday to strengthen bilateral trade in agricultural commodities.

The agreement was signed by Indonesian Agriculture Minister Andi Amran Sulaiman and New Zealand's Minister for Agriculture, Forestry, Trade and Investment, Todd McClay.

"We have signed an MoU to pursue a win-win solution and create trade balance. We are encouraging exports of CPO (crude palm oil), rubber, cacao, and coffee," Sulaiman said at a press conference the same day.

He added that New Zealand had expressed interest in increasing its imports from Indonesia.

While the value of the agreement was not disclosed, Sulaiman emphasized that New Zealand remains a strong and promisi...