Monday, 26 March 2018 13:53

Government Targets Exports to Taiwan Up 7.8 Percent

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Indonesia is targeting exports to Taiwan to grow by 7.8 percent in 2018. Director General of National Export Development (PEN) Arlinda in the Indonesia-Taiwan Business Forum in Taiwan on Friday (23/3/2018) said that Indonesia and Taiwan have very large potential to enhance trade cooperation. She is optimistic to achieve the target, as Indonesia and Taiwan recorded positive economic growth. According to Arlinda, Indonesia's total exports to Taiwan reached 1.89 percent of Taiwan's total imports. Meanwhile, Taiwan's total exports to Indonesia last year amounted to 2 percent of Indonesia's total imports worldwide. The main export products from Indonesia to Taiwan are coal, bituminous coal, tin, plywood, coffee, copper waste, and scrap. Meanwhile, five main products imported from Taiwan to Indonesia are woven and knitted fabric, generating set, other of electronic integrated circuits, and spare parts for electronic integrated circuits and micro-assemblies.Arlinda said coffee is one of Indonesia's potential export commodities especially to Taiwan. Indonesia is the fourth largest coffee producer in the world and ranked seventh as the world's largest coffee exporter. Arlinda said Indonesia's coffee exports last year increased by 17.71 percent compared to the previous year. Meanwhile, coffee export from Indonesia to Taiwan reached 2.89 million US dollars.To strengthen trade relations between Indonesia and Taiwan, since  2016 a Working Group on Trade meeting has been held within the framework of the Joint Committee of Trade and Investment (JCTI) . It is a bilateral meeting forum to discuss trade and investment increase between the two parties. The next JCTI meeting will be held in Bali on March 27, 2018.During the business forum, Arlinda invited Taiwanesebusinessmen to attend the 33rd Trade Expo Indonesia (TEI)which will be held from 24-28 October 2018 at IndonesiaConvention Exhibition (ICE) BSD City, Tangerang, Banten.Trade Expo Indonesia 2018 is targeted to be attended by more than 28,000 International buyers and followed by 1,110 participants. After the business forum she expects there will be more buyers from Taiwan.Meanwhile, Chief of the Indonesian Chamber of Commerce and Industry in Taiwan Robert James Bintaryo, said, during the last three years Taiwan's coffee imports from Indonesia have increased. The Indonesian Chamber of Commerce and Industry in Taiwan regularly invites Taiwanese businessmen to visit several locations listed as the best coffee producers in Indonesia such as East Java and Aceh. But until now Indonesia's coffee imports in Taiwan still occupy the third position. So Indonesia should try to continue to increase the number of sales and export of coffee to Taiwan.

                                                                                         

Read 103 times Last modified on Monday, 26 March 2018 19:10