|
|
|
|
|
JAKARTA, INDONESIA, Oct 20, 2013 - (ACN Newswire) - Transactions through the third day Trade Expo Indonesia (TEI) have totaled USD 1.33 billion, or 66.5% of the targets set for the five day expo. Transactions today included investment projects of the Trade Investment Forum (TIF) with a value of US $1 billion from investors in 9 countries for 16 projects, including mining, manufacturing, textiles, ceramics, tires, processing drinking water and agriculture, as announced by TEI 2013 Chairman Gusmardi Bustami. "With two days remaining at the TradExpo, we are very optimistic this year can reach total transactions set out in the targets," he added.
Products that attracted buyers during the third day were textiles and textile products, essential oils, food products and beverages, machinery, coffee, furniture, handicrafts, footwear, agricultural products and jewelry and accessories, said Gusmardi. In the services sector, investments and skilled labor in mining and construction also recorded sizeable transactions. By country, buyers come from South Africa (15.9%), Malaysia (9.8%), Saudi Arabia (6%), Nigeria (5%), and Papua New Guinea (5.31%).
"Today was also saw the signing of the Principal Agreement between PT. Tapestries Interland and K Co., Ltd. of Japan valued at USD 1 million," explained Gusmardi. PT. Tapestries Interland is a producer of natural honey and organic tea products, while K Co., Ltd. is a manufacturer and distributor of consumer goods. In the agreement, K co., Ltd. will become a sole distributor in Japan and enters a joint venture with PT Tapestries Interland to operate a similar company in Japan.
"We are not complacent with this achievement. Future TEI expos are expected to bring further success, both in terms of organization, numbers of participants, numbers of buyers, diversity of participating products and services, as well as the value of transactions. With the necessary cooperation and support from various parties, both government and the business community, we will achieve ever more ambitious goals," said Gusmardi.
While a means of promotion and expansion of international business networks for large corporations, TEI also provides attention and space to Small and Medium Enterprises (SMEs) with export potential, said Gusmardi. "These SMEs play a vital role in the Indonesian economy, and those with export potential are very welcome to reach out to foreign markets through participating in future editions of TEI."
"To increase the number of new export players able to compete in the global marketplace, our country needs to be supported by at least 2% by entrepreneurs and entrepreneurship so that Indonesia's economic growth can be maintained," Gusmardi said.
To encourage economic and trade relations with non-traditional countries, the TEI 2013 Chairman also received a trade delegation led by the Ambassador for Algeria, Ni'am Salim. They discussed increased economic cooperation, given the potential trade between the two countries is very large but not yet optimized. Religious and cultural backgrounds which can be used to promote understanding between the two countries was also central to the discussion.
For more information, please visit http://www.tradexpoindonesia.com/ and http://www.kemendag.go.id/.
Contact:
Arlinda Imbang Jaya
Head of Central Public Relation
Ministry of Trade
Tel/Fax: +62-21-3860371/+62-21-3508711
Email: pusathumas@kemendag.go.id
Dody Edward
Director of Development of Product Export
Directorate General of National Export Development
Ministry of Trade
Tel/Fax: +62-21-23528643/+62-21-23528653
Email: dody.edward@kemendag.go.id
Topic: Trade Show or Conference
Source: Indonesian Ministry of Trade
Sectors: Trade Shows, Daily News
http://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
| Indonesian Ministry of Trade |
| Oct 23, 2015 14:00 HKT/SGT |
|
Trade Expo Indonesia (TEI) 2015 Opens with 118 Countries Ready to Make Transactions |
| Aug 13, 2015 21:00 HKT/SGT |
|
The 30th Trade Expo Indonesia Targets 2,000 World Class Companies |
| July 8, 2015 12:30 HKT/SGT |
|
Director General Nus: Indonesian Government Anticipates Singapore Plan on Cigarette Plain Packaging Policy |
| Oct 3, 2014 19:00 HKT/SGT |
|
Trade Minister Lutfi: More Spectacular, Come to Trade Expo Indonesia (TEI) 2014! |
| Aug 13, 2014 11:00 HKT/SGT |
|
Trade Expo Indonesia 2014 to be Held October 8-12 |
| Oct 25, 2013 15:00 HKT/SGT |
|
Trade Expo Indonesia (TEI) Records Total Transactions of USD 1.82 Billion |
| Oct 18, 2013 23:45 HKT/SGT |
|
Trade Expo Indonesia (TEI) 2013 Records Transactions of USD 114.4 Million in its Second Day |
| Oct 17, 2013 22:30 HKT/SGT |
|
TEI 2013: Indonesia's Textiles and Furniture Lead Transactions on First Day |
| Oct 16, 2013 20:45 HKT/SGT |
|
Trade Expo Indonesia (TEI) 2013 Opens: Indonesia Exhibits Quality Value-added Exports |
| Oct 1, 2013 18:00 HKT/SGT |
|
Trade Expo Indonesia 2013: Government Optimistic to Reach USD2 Billion in Transactions |
| More news >> |
 |
|
|
|
