2023 Trade Expo Indonesia Draws 50-million Euros of Export Transactions

Antara News are reporting that the Trade Ministry, through its Directorate General of National Export Development, facilitated export transactions worth 50-million Euros between Indonesian entrepreneurs and several countries at the 2023 Trade Expo Indonesia (TEI) on Friday (20/10/23.)

Didi Sumedi, the ministry’s Director General of National Export Development, said that the European market has vast potential to become an export destination for Indonesian products, explaining that 50-million Euro’s worth of export transactions were closed by Indonesian entrepreneurs, who are members of the Indonesian Entrepreneurs Association (Aspina) in the Netherlands, with Saudi Arabia, South Africa, the Netherlands, Cambodia, Italy, and Hong Kong.

According to Sumedi, the trade hub location in the Netherlands is very strategic for Indonesian products and commodities to be forwarded to destination countries. The most popular commodities on the European market include spices, chemical products, fashion, and medical devices.

Sumedi noted that his ministry is targeting potential transactions of USD 11-billion during the 2023 TEI. In the 2022 TEI, the total transactions were recorded at USD 15.83-billion, exceeding the target of USD 10-billion, say Antara News.

On the same occasion, Head of the Bank Indonesia Representative Office in London, Farida Peranginangin, stated that the trade cooperation is the implementation of joint efforts to promote Indonesian products abroad.

“This agreement is the basis for improving, developing, and promoting products, especially those of Micro, Small, and Medium Enterprises (MSMEs), through the hub in the Netherlands,” she said, expressing hope that cooperation between Indonesian and foreign entrepreneurs would continue to have a positive impact on Indonesia’s economy.

“Bank Indonesia and the Indonesian Embassy in The Hague are ready to promote Indonesian products,” she added.

 

Source: Antara News

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