The 37th Trade Expo Indonesia Recorded 100 Transactions worth $1.9 Billion on Its First Day

JAKARTADAILY.ID – The 37th Trade Expo Indonesia (TEI) held at the Indonesia Convention Exhibition (ICE) Bumi Serpong Damai (BSD), Tangerang, recorded 100 trade deal transactions worth $1.19 billion (Rp 18.45 trillion) on the first day.

Indonesian Minister of Trade Zulkifli Hasan appreciated the enthusiasm of exporters and trading partners who had attended and played an active role in the simultaneous signing today.

"I believe that the trust and enthusiasm of trading partners from abroad for Indonesian business actors reflects their great trust in the momentum of 'Strengthening Global Trade for Global Recovery' carried by Indonesia in the 37th TEI," said Zulkifli Hasan in his statement, Wednesday, October 10, 2022.

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The signing of the 100 trade agreements consists of 99 memorandums of understanding (MoU) and one letter of intent (LoI).

Meanwhile, the value of the trade deal of $1.19 billion consisted of trade contracts between Indonesian business actors with buyers from Japan ($411.25 million), Malaysia ($175.89 million), and Egypt ($150.00 million).

Then the Netherlands ($120.11 million), Saudi Arabia ($112.99 million), Italy ($82.95 million), United Kingdom ($62.00 million), United States ($42.00 million), Australia ($11.65 million ), Brazil ($10.00 million), Spain ($10.10 million), Germany ($3.00 million), Bangladesh ($2.00 million), and the Philippines ($3.00 thousand).

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Commodities included in the trade contract include food and beverages, fishery products, paper products, palm oil shells, processed foods, medicines, vegetables, briquettes, palm sugar, coffee, furniture, beauty products, spices, wood products, and motor vehicle tires.