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Trade Expo Indonesia targets to boost exports to non-traditional marketsThursday, March 28, 2019 > 13:26:01
The Trade Ministry has announced that its annual trade exhibition, Trade Expo Indonesia (TEI), will be held for the 34th time from Oct. 16-20 at the Indonesia Convention Exhibition (ICE) in Serpong, Banten, with a view to expanding exports to nontraditional markets.
The TEI is Indonesia's largest business-to-business exhibition for local producers to attract foreign buyers.
Last year, the TEI booked a record transactions value of US$8.49 billion in trade-related investment and sales of goods and services, more than five times the 2017 figure of $1.4 billion.
Trade Ministry Export Development Director General Arlinda said TEI 2019 would reaffirm Indonesia's export market diversification, including to Latin American and Caribbean countries, while maintaining access to traditional markets like the United States and China.
"Last year's visitors were mainly from nontraditional [markets] like those in Africa, the Middle East and Central Asia, whereas the biggest [goods and services] transactions came from buyers in Saudi Arabia, India and Egypt," Arlinda said during the TEI 2019 press conference on Monday. "This is in accordance with the government's target of diversifying toward nontraditional markets."
Arlinda said the ministry had not set any targets for transactions and visitor numbers this year, but she expressed confidence that it would be better than last year's figures.
The secretary of the Foreign Ministry’s Directorate General for America and Europe, Ratu Silvy Gayatri, said South American countries alone had absorbed $1.18 billion of Indonesia's exports last year, a number she said could be greatly improved.
"We will support the export of strategic products that have a high technology content, such as trains, ships, arms and heavy machinery," Silvy said at the same occasion. (bbn)