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INDONESIA’S TRADE EXHIBITION DRAWS US$73 M. IN TRANSACTION FROM EGYPT

A VIRTUAL Indonesian trade exhibition, the Trade Expo Indonesia Virtual Exhibition (TEI-VE) 2020 — attracted business transactions worth US$73 million, or some IDR1.02 trillion, from Egyptian businesspersons on the international exhibition’s first day.

According to Head of the RI Representative/Chargé d’Affaires of the Indonesian Embassy in Cairo M. Aji Surya noted in a written statement in Jakarta said the pandemic will not discourage Egyptian buyers from purchasing Indonesian products. The business deal was conducted through the inking of a purchase contract held on Tuesday (10/11/2020).

Surya remarked that the trade transactions comprised several superior products of Indonesia, including manufacturing, such as vehicle tires worth US$30 million; toilet soaps, US$3 million; and coffee bean products, US$40 million.

He attributed the realization of transactions to the persistent efforts of the Indonesian Embassy in Cairo to approach traditional and new buyers. I also belief that hopes still rode high for various commodity trade transactions.

Meanwhile Trade Attaché of the Indonesian Embassy in Cairo, Irman Adi Purwanto Moefthi, who accompanied Egyptian buyers to sign a memorandum of understanding (MoU) on the purchase mission, emphasized that the presence of the businessman confirmed his loyalty to importing Indonesia’s superior products.

“The theme of TEI implemented this year aims to promote sustainable trade in the digital era to encourage the sustainability of Indonesian products and the promotion of domestic products in the Egyptian market and its surroundings,” he explained.

Furthermore, Executive for Economic Functions of the Indonesian Embassy in Cairo, John Admiral, added that this international trade fair could be optimized as a form of promotional innovation in the midst of a pandemic.

Currently, he noted that the Indonesian Embassy in Cairo was exploring the provision of labor to Egypt, including to meet the demand for Indonesian nurses at Egyptian hospitals, experts in construction, fisheries and other projects of the Egyptian government. The Ministry of Trade will hold TEI-VE on November 10-16, 2020.

Indonesia’s largest trade fair is an annual routine agenda to boost Indonesia’s exports to international markets. At the 35th TEI, Trade Minister Agus Suparmanto targeted transactions of US$1 billion, or around IDR14 trillion. [antaranews/photo special]