TEI 2018 booked a trade contract worth US $ 4.96 billion on the first day

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)

The Jakarta Post

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