"The transaction value exceeds the target at about 15 percent. The transaction includes trade, service, and investment. Trade transactions comprise product transactions of $1.54 billion," Trade Minister Agus Suparmanto stated in Jakarta on Friday.
The product transactions comprise goods trading transactions originating from the signing of trade contracts reaching $698.34 million, transactions at exhibition stands amounting to $687.60 million, and local trade missions worth $50.63 million.
In addition, the assessment of trade agreements are worth $67.11 million; Ministry of Maritime Affairs and Fisheries, $10.43 million; the horticultural business forum, $8.78 million; as well as culinary and food, $457.14 thousand.
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Meanwhile, service trade transactions amounted to $120.08 million and investment transactions worth $9.29 billion.
The trade minister remarked that during the 2019 TEI, Egypt was the country with the most transactions, reaching $270.51 million, or 18.13 percent of the total transaction value, followed by Japan, with $260.01 million, or 17.43 percent; and China, with $201.52 million, or 13.51 percent.
The three most popular products at the event were processed foods amounting to $390.26 million; paper and paper products, $289.64 million; and palm oil, $166.65 million.
For the purchase mission, during TEI 2019, 114 trade agreements were reached, with a total contract value of $3.19 billion, comprising investments, goods, agricultural products, fishery products, cooking spices, and other spices.
Meanwhile, business-matching activities produced 247 potential transactions, with a value of $67.11 million.
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