Indonesian Trade Expo day four buying mission reaches US$3.16 billion

Indonesian Trade Expo day four buying mission reaches US$3.16 billion

A trade agreement between an Indonesian business consortium and Norway company, Sterner AS, was signed at the Indonesian Trade Expo (TEI) 2019 on Oct 16, 2019. (Doc of the Indonesian Embassy in Oslo/Sw/RN)

We pin our hopes on more countries to sign trade contracts at the TEI 2019 to enable us to reach increased values of transactions
Jakarta (ANTARA) - The buying mission on the Indonesian Trade Expo (TEI) 2019 Day 4, which counted from October 16 to 19 transactions, recorded that the total value of trade contracts that had been signed had reached around US$3.16 billion.

"On Day 4 of the TEI 2019, eight documents of memorandum of understanding are signed with partners from five countries. So, in total, we have already had 112 agreements with 30 countries," General Director of the National Export Development at the Trade Ministry Dody Edward stated in a statement received in Jakarta, Sunday.

All the MoU documents were signed on the sidelines of the TEI 2019 held at Indonesia Convention Exhibition of Bumi Serpong Damai (ICE BSD), Tangerang, Banten Province.

Five countries who took the agreements on Day 4 were Germany on doll products, Romania on paper products, Jordan on processed foods, Egypt on stationery and processed foods, and China on investment of recycling mill in Medan, the capital city of North Sumatera Province.

The buying mission program was conducted by the Indonesian Trade Ministry in order to boost national export, Edward said.  

"We pin our hopes on more countries to sign trade contracts at the TEI 2019 to enable us to reach increased values of transactions," Edward said.

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