TANGERANG (TheInsiderStories) – Trade Expo Indonesia (TEI) booked value transaction Rp126.77 trillion (US$8.5 billion) during the five days event, said one senior official. Previously the trade ministry targeting around 68 trade agreements valued $5.19 billion will be signed during the exhibition.
“The achievement of TEI 2018 is a positive indication from the buyers on Indonesian products amid global economic uncertainty,” expressed by the Minister of Trade Enggartiasto Lukita at the closing ceremony of TEI in Tangerang, on Sunday (28/10).
He explained, the total transaction value consists of investment transactions of $5.55 billion, tourism $170.5 million, and products $2.73 billion.
Lukita revealed, the products that were in great demand from buyers were information and technology, processed foods, chemical products, crude palm oil, fishery products, as well as paper and paper products. Meanwhile, the highest transaction come from Saudi Arabia, Japan, Britain, Egypt and the United States.
“The achievement of TEI 2018 is a positive indication from the buyers of Indonesian products at amidst global economic uncertainty, “said the minister.
Director general for export Arlinda added, during the TEI 2018 event, 78 MoUs had been signed with importers from 30 countries, with Chinese importers valued at $4.50 billion in the form of investment in information technology development in the Belitung Special Economic Zone and Thailand $243.16 million related to the development of the plantation industry. Meanwhile, the MoU in the trade sector reached a value of $811.08 million.
Lukita is optimistic that Indonesian export growth throughout 2018 could reach 11 percent compared to 2017. He said, to boost export, Indonesian government targeted to finalized 13 bilateral trade negotiations next year.
“I am sure this year can be up to 11 percent, in the midst of an uncertain global atmosphere,” he said.