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Jakarta Post

Trade Expo seals $16m trading contracts on first day

  • Stefani Ribka

    The Jakarta Post

Tangerang, Banten   /   Thu, October 12, 2017   /   06:27 pm
Trade Expo seals $16m trading contracts on first day Visitors check out furniture at the Trade Indonesia Expo 2017 at ICE BSD in South Tangerang, Banten, on Oct. 11. (JP/Stefani Ribka)

The Trade Expo Indonesia 2017 recorded US$16.07 million in trading contracts on its first day at the Indonesian Convention Exhibition (ICE) BSD in South Tangerang, Banten, on Wednesday.

"This buying mission will continue until the last day of the expo," said the Trade Ministry's export development director general, Arlinda, in a statement released on Thursday.

The $16.07 million in contracts comes from buyers from three countries: Australia, Singapore and Spain.

A buying mission from Australia signed $13.9 million worth of contracts on hotel and tourism related goods and services with PT Sukamulia Mandiri Agung.

Read also: Trade Expo Indonesia 2017 kicks off at new, bigger ICE

Meanwhile, the buying mission from Singapore signed $1.1 million in contracts on food and beverages with PT Sinar Sosro, and a mission from Spain signed a $1 million furniture contract with CV Abad Jepara.

The expo, the biggest trade event in Indonesia organized by the ministry, takes place from Oct.11 to 15.

It aims to book $1.1 billion transactions by the end of the event, a 7.8 percent increase from the $1.02 billion it booked in the same event last year.

The expo displays various goods and services from more than 1,000 local producers and traders. Indonesia aims to jack up its non-oil-and-gas exports by 5.6 percent to $138.65 billion. As of August, 71.2 percent of the target or $98.8 had been pocketed. (bbn)