Participating in the 2024 CAEXPO Exhibition, the Ministry of Trade is Optimistic that Indonesia-China Trade and Investment will Increase
Jakarta, 18 September 2024 – Indonesia is ready to participate in the 21st annual China–ASEAN Expo (CAEXPO) exhibition which will be held at the Nanning International Convention and Exhibition Center (NICEC), Nanning, China. The physical exhibition will be held on 24-28 September 2024, while the online exhibition will be held from 24 September 2024 to 31 December 2024 via the CAEXPO online platform.
Director General of National Export Development of the Indonesian Ministry of Trade, Mardyana Listyowati, responded positively to Indonesia's participation in the 21st CAEXPO. He said that the Indonesian Ministry of Trade was optimistic that Indonesia-China trade and investment would increase.
"This exhibition is a strategic forum to promote trade and investment, both for Indonesia and other ASEAN countries. "By attending CAEXPO 2024, we are optimistic that trade and investment cooperation between Indonesia and China will continue to increase," said Mardyana.
Mardyana also said that this year marked the first time the exhibition was held for five days. Since it was first held in 2004, CAEXPO has been held for a maximum of four days.
Director of Primary Product Export Development at the Indonesian Ministry of Trade, Miftah Farid, said that this year's 21st CAEXPO will expand Indonesia's participation in various sectors. Several sectors displayed at the CAEXPO exhibition can encourage Indonesian small and medium enterprises (SMEs) to increase exports to the ASEAN and Chinese markets. “CAEXPO provides an important opportunity for Indonesian SMEs to connect with the Chinese market. "This can encourage an increase in Indonesian exports to China," said Miftah.
CAEXPO is the result of an agreement at the 7th China–ASEAN Free Trade Area (CAFTA) Summit in 2003. This exhibition aims to promote trade in goods, investment cooperation, technology transfer, trade in services, industrial relations, as well as subregional cooperation between ASEAN and China. As a member of ASEAN, Indonesia regularly participates in this exhibition every year.
Two Indonesian Pavilions
At this year's exhibition, Indonesia will display two pavilions. First, the Commodity Pavilion covering an area of 2,160 square meters in hall D4. The Commodity Pavilion will be attended by 100 booths displaying various potential Indonesian products, including food and beverages, fashion and accessories, furniture and home decoration, as well as daily necessities products.
Second, the National Pavilion (City of Charm) covering an area of 160 square meters in hall B2. The National Pavilion will showcase the great potential of one of Indonesia's main commodities, namely palm oil, which is managed by the Palm Oil Plantation Fund Management Agency (BPDPKS). Mardyana added, the National Pavilion will showcase the potential and benefits of palm oil, sustainability efforts, and its contribution to the national economy.
"As part of promoting the potential and sustainability of the Indonesian palm oil industry, this year the National Pavilion will showcase the potential and benefits of palm oil from BPDPKS. "Apart from introducing various high-value palm oil derivative products, we will also highlight sustainability efforts in this sector and the contribution of palm oil to the national economy," explained Mardyana.
China is Indonesia's largest trading partner. In the last five years (2019-2023), trade between the two countries showed a positive trend of 19.12 percent with total trade in 2023 amounting to USD 127.81 billion. Total trade in this period consisted of total Indonesian exports to China amounting to USD 64.93 billion and total Indonesian imports from China amounting to USD 62.88 billion. Thus, Indonesia enjoyed a surplus of USD 2.05 billion.
(SOURCE)
Perusahaan Prancis Incar Investasi di Jabar
Investor Luar Negeri Lirik Potensi Perekonomian Jawa Barat
Hari Pertama IIIF 2019 London, Pemdaprov Jabar Ngabret Jarin
Keikutsertaan Jawa Barat di ?Indonesia Japan Business Forum?
RK Highlights Tourism Potential and Improvement of Mass Tran