Indonesia nets US$11.5 million transactions at Australian Auto Expo

Indonesia nets US$11.5 million transactions at Australian Auto Expo

Jakarta (ANTARA) - Indonesia shone brightly at the Australian Auto Aftermarket Expo (AAAE) 2019, Australia's biggest yearly automotive exhibition, by registering potential transactions worth US$11.5 million.

"Indonesian automotive exports to Australia are expected to get a significant impetus, with Indonesia taking part in the exhibition," Indonesian Ambassador to Australia Y. Kristiarto S. Legowo noted in a statement here on Thursday.

The exhibition was organized on Apr 4-6 at the Melbourne Convention and Exhibition Centre, Australia.

Four Indonesian automotive companies -- PT Pertamina Lubricants, PT Gajah Tunggal Tbk, PT Rekadaya Multi Adiprima, and PT Astra Otoparts Tbk -- that displayed their products in the Indonesian Pavillion helped rake in the figure.

The Indonesian Trade Promotion Center (ITPC) in Sydney, the Indonesian Embassy in Canberra, and the Indonesian Consulate General in Melbourne supported the firms participating in the expo.

ITPC Sydney and the Indonesian Trade Attaché have kicked off Indonesia's participation through the Indonesia Pavilion based on the fact that the nation's automotive products have remained one of its top exports under the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA CEPA).

Indonesian Trade Attaché Agung Wicaksono admitted to Australia being a potential market for Indonesia, particularly for lubricant products, rubber tires, and automotive spare parts.

"The Indonesian government has, through this expo, demonstrated its support to the business world for promoting Indonesian automotive products in the Australian market," he noted.

The Trade Ministry's data indicated that US$34.9 million worth of Indonesia's automotive exports to Australia were recorded during the period from January to September last year, rising four percent than $25 million exports in 2017.

Some 400 exhibitors from various countries attended the expo, with major global firms -- Castrol, Schumacher Electric, Philips Automotive, Pro-Kit, and Repco Limited -- participating in the exhibition.

"In future, ITPC Sydney, the Indonesian Trade Attaché in Canberra, and the Indonesian Consulate General in Melbourne will step up promotional efforts of Indonesian automotive products and will take part in the AAAE 2020," ITPC Head Sydney Ayu Siti Maryam stated.