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Jakarta Post

TEI 2018 books US$4.96b on first day

  • News Desk

    The Jakarta Post

Jakarta   /   Thu, October 25, 2018   /   04:28 pm
TEI 2018 books US$4.96b on first day President Joko “Jokowi” Widodo and Trade Minister Enggartiasto Lukita (right) gets an explanation from PT HM Sampoerna corporate communications head Inasanti Susanto (second left) when the President visited the company’s pavilion at the 33rd Trade Expo Indonesia at International Convention Exhibition (ICE) in Tangerang, Banten on Oct. 24. (Antara/pd)

The 33rd Trade Expo Indonesia (TEI), which kicked off Wednesday at International Convention Exhibition (ICE) in Tangerang, Banten, booked US$4.96 billion in trade contracts on the first day.

The signing ceremony of 44 memorandums of understanding (MoU) was witnessed by Trade Minister Enggartiasto Lukita and Foreign Minister Retno Marsudi at the trade fair venue.

“The 44 MoU were signed by foreign importers and businesspeople/exporters in Indonesia with a total value of $4.96 billion,” Enggartiasto said in a press statement received on Wednesday.

He said the contracts involved 33 importers from 17 countries -- South Korea, Australia, Saudi Arabia, Belgium, France, Austria, China, the Netherlands, Spain, Mexico, Thailand, Chile, Singapore, Malaysia, the United States, the Philippines and Brazil.

The commodities and products include furniture, food & beverage, maritime foods, investment in technology and industry, footwear, chemical goods and spices, he added.

Trade Ministry export development director general Arlinda said more MoUs would continue to be signed until the end of TEI 2018 on Sunday. He estimated that more than 68 MoUs would be signed by the end of the event. (bbn)