Posted by: mel | March 21, 2009

Plan to Open Indonesia Trade Promotion Centre in Shanghai Canceled

03/20/09 15:23

Beijing (ANTARA News) – Indonesia has canceled its plan to open Trade Promotion Centre (ITPC) in Shanghai and is now looking for another Chinese city where the centre can be set up. 

The center could not be established in Shanghai because of a new regulation issued by the local government, visiting Trade Minister Mari Elka Pangestu said here Friday. 

“We had planned to open the ITPC in Shanghai but because of a new regulation of the local government, we are exploring the possibility of doing it in another city in China,” Pangestu said. 

She made the statement before leaving Beijing for Shanghai where she would inspect the site of an Indonesian pavilion at Expo 2010 which is to take place May 1 – October 31, 2010. 

Pangestu is visiting China together with Acting Coordinating Minister for Economic Affairs Sri Mulyani Indrawati and Bank Indonesia Senior Deputy Governor Miranda Goeltom since Thursday to meet with Chinese Deputy Prime Minister Li Keqiang.

She said the plan to establish ITPC in Shanghai would not be realized because of a new regulation issued by the city`s authorities.

“We have met a problem in our efforts to set up ITPC in Shanghai, and therefore I am currently exploring the possibility of establishing the center in another city,” she said. 

She said the trade promotion center would be responsible for make market development and trade promotion abroad in accordance with Trade and Industry Minister`s Decree No,518/MPP/Kep/8/2003 on the tasks and functions of Indonesian trade promotion centers. 

The function of ITPC was to make business contacts and cooperation among business communities, to provide market information, market Indonesian export commodities, and produce market analysis.

So far, Indonesia has already set up trade promotion centers in nine overseas cities, namely Osaka in Japan, Budapest in Hungary, Los Angeles in the United States, Milan in Italy, Sidney in Australia, Sao Paolo in Brazil, Dubai in the United Arab Emirates, Hamburg in Germany, and Johannesburg in South Africa

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