Sunday, 28 November 2021 | 06:26 WIB

2019 Trade Expo Indonesia Sees Transactions worth US $9.3 Billion

The Ministry of Trade's Director General of National Export Development Dody Edward (independensi)

JAKARTA, NETRALNEWS.COM - The Indonesia Ministry of Trade claims that the 34th Trade Expo Indonesia (TEI) event in 2019 is successful. The indicator of success is the achievement of transactions in TEI worth US $9.30 billion. This achievement increased 9.6 percent compared to last year's achievement of $8.49 billion.

The Ministry of Trade's Director General of National Export Development Dody Edward said the TEI, which was held on October 16-20, 2019, at ICE BSD, saw goods or product transaction sessions, investment transactions and service transactions. The countries with the highest trade in goods are Egypt, Japan, China, the United Kingdom, and the United States (US). Meanwhile, the biggest product transactions are those on processed food, paper and paper products, palm oil (CPO), agricultural products, and coffee.

"The acquisition is the result of the calculation to date (10/20) at 13:00 Indonesian Western Time. The transaction will continue to grow, considering that several buyers continue to negotiate and visit producers. Transactions on the exhibition floor will continue until the end of today. For that, we should be proud of the TEI achievements this year," Dody said on Monday (10/21/2019).

Meanwhile there are business cooperation assessment activities and buyers from 36 participating countries, including Japan, Mexico, India, Serbia and Malaysia. For the number of exhibitors there were 1,500 participating companies. This number rose by 29.3 percent compared to last year which reached 1,160 companies.

From the number of participants this year, there were 295 business operators from 34 provinces in Indonesia filling the Nusantara Food Pavilion. For the number of visitors, there was also an increase in TEI this year compared to last year by 15.8 percent. Last year there were 33,333 visitors, while this year 38,590 visitors. Of these, there were 5,293 buyers from 135 countries and will continue to grow until the exhibition ends tonight.

For all of these achievements, Dody gave high appreciation to all parties who have participated and fully supported the implementation of the 34th TEI. These include the relevant Ministries/Institutions, regional governments, RI representatives abroad, business actors, associations, SMEs, organizers, and the media.

"Like last year, the 34th TEI this year saw the actualization of synergy between ministries again. This was proven by the realization of exceeding last year's acquisition. Synergy, coordination, collaboration between the government and business actors in increasing national exports will continue to be increased in the future," Dody added.