VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

Indonesia has earned trade transactions valued US$5.8 million during the convening of the China-ASEAN Expo (CAExpo) in Nanning, China, on September 12-15, 2018.

"We highly appreciate the efforts made by Trade Ministry and the business people for always promoting Indonesian products to the Chinese consumers," Indonesian Ambassador to China Djauhari Oratmangun said in Beijing  on Monday.

The annual expo has paved the way for a cooperation of Chinese company Pacific Construction Group and its Indonesian partner PT Farmindo International Sentral Teknologi. The two companies had just signed a letter of interest (LoI) worth US$5 billion. The signing of the LoI between the two companies was held on the sidelines of the Trade, Tourism and Investment Forum, on Thursday (Sept 13), in Nanning. The cooperation includes the investment of Industrial Park in Belitung, which will be followed by the signing of a memorandum of understanding (MoU) between the two parties at the Trade Expo Indonesia (TEI) in Tangerang, Banten, on October 24-28, 2018.

The transaction value, made by Indonesian business delegation in this year`s CAExpo, has increased by 95 percent, compared to that of 2017, said the embassy`s trade attache Dandy S. Iswara. He felt confident that the success of the Indonesian delegation at the 2018 CAExpo would motivate more companies to participate in the event in the following years.

Among the Indonesian products, displayed during the expo, were coconut fiber, household appliances, food and beverages, clothing, crafts, and necessities. The coconut fiber that can be used as a material for making car seat, was able to attract the Chinese consumers` attention was coconut fiber. (ant)