President Joko "Jokowi" Widodo on Wednesday launched the 33rd Trade Expo Indonesia (TEI) at the Indonesia Convention Exhibition in Tangerang, Banten, on Wednesday.
The annual event targets to attract 28,000 visitors from 125 countries as Indonesia showcases various manufacturing products and commodities for export.
In his opening speech of the event, Jokowi called on the relevant ministers to provide incentives to boost exports, especially to non-traditional markets.
“[There are] great opportunities that we have never taken care of for years,” Jokowi said, mentioning countries in South Asia, Africa and the Middle East. “We should start taking better care [of these destinations] so that we can increase our exports.”
Jokowi also urged business communities to find new export opportunities amidst the ongoing trade war, such as finding a way to replace goods and commodities supply to certain countries that could not be conducted by their traditional trade partners because of the trade war.
Meanwhile, Trade Minister Enggartiasto Lukita said that during the trade expo, the government expected to sign at least 68 trade contracts with 25 countries around the world with a total value of US$5.19 billion.
He said that the contracts were expected to be in the form of investment from China and Thailand worth $4.68 billion and trade transactions worth $513.97 million. (bbn)