China inks import contracts with Indonesia worth Rp35.1 trillion

China inks import contracts with Indonesia worth Rp35.1 trillion

Signing of business deals between Indonesian and Chinese businessmen during the BRF Summit held in Beijing last April 2019. (ANTARA/Irfan Ilmie/ FA)

Incessant, tireless, and hard work coupled with prayers, cooperation, and synergy among every stakeholder are the main factors in every step that we have been taking in China
Beijing (ANTARA) - Several Chinese businessmen signed contracts of imports valued at Rp35.1 trillion, or US$2.5 billion, with their Indonesian counterparts.

"The deals were struck during the Indonesia-China Business Forum and China Coal Import Summit," Indonesian Ambassador to China Djauhari Oratmangun stated in Beijing on Tuesday.

Coal imports dominated the contracts inked on the sidelines of the second China International Import Expo (CIIE) in Shanghai.

Furthermore, the contracts encompassed the imports of other products, including electronics, agriculture, food, beverages, plastic pellets, and mining products, the ambassador noted at the Indonesian Pavilion of the CIIE officially opened on November 5, 2019.

"Swallow nest products, recycled plastic pellets, oleochemical, coal, and food products are among Indonesian products liked most and well sold in Chinese markets," the former Indonesian ambassador to Russia remarked.

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The 34th Trade Expo Indonesia (TEI) organized in Serpong, Banten Province, on October 16-20, 2019, drew 312 Chinese businessmen.

At least 16 trade and investment deals worth $2.68 billion, or Rp37.7 trillion, were signed during the 2019 TEI between Indonesian and Chinese companies.

The 2019 TEI organizing committee bestowed awards on the Indonesian Trade Attaché in Beijing and the Indonesian Trade Promotion Center (ITPC) in Shanghai for their success in contributing to transaction deals reaching $221 million, or some Rp3.1 trillion.

"Incessant, tireless, and hard work coupled with prayers, cooperation, and synergy among every stakeholder are the main factors in every step that we have been taking in China," Oratmangun added.

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