Posted by: mel | June 10, 2009

Indonesia eyes transaction of 15 mln USD in China exhibition

JAKARTA, June 9 (Xinhua) | Editor: Chris

Indonesia targets trade volume transaction of 15 U.S. million or increases 15 percent compared to 14 million dollars in 2008 in an exhibition due to be held in China, the private news portal detikcom quoted an official as saying on Tuesday.

Indonesian businessmen will have an opportunity to exhibit their products at the 6th China ASEAN Expo (CAEXPO) 2009 in October 20-24, 2009 in Nanning International Convention and Exhibition Center, Guangxi, China.

According to the Secretary of the National Export Development Agency (BPEN) Ahmad Firdaus Sukmono, the businessmen will use the event to promote Indonesian products, tourism and investment opportunity in China.

“With the activity, we hope that our non-oil and gas export to Chinese market will be increased,” said Ahmad here.

According to Ahmad, Indonesia relies heavily on some commodities in the 2009 CAEXPO, namely agricultural and handicraft products as well as processed food.

Indonesia has been joining the CAEXPO since 2004. In 2008, total participant in the event reached 5,055 with 35 thousand buyers from 65 countries. Total, transaction volume reached 3.5 billion dollars and investment agreement value for international cooperation stood at 16.1 billion.

The Association of Southeast Asia Nations (ASEAN) is China’s fourth biggest trade partner while Chinese investment in the region in 2008 reached almost 60 billion dollars.

Indonesia-China trade volume stood at 31.5 billion dollars in 2008, increasing 25.7 percent compared to 2007.

China is the biggest non-oil and gas importer from Indonesia. China is also Indonesia’s third biggest trade partner and the fourth export market.

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