Friday, October 31, 2008

Trade Expo 2008 succeeds to diversify markets

Despite lower transaction result than the estimation, Trade Expo Indonesia (TEI) 2008 recorded a bright progress on diversification of emerging markets and kinds of products, Trade Minister Mari Elka Pangestu said in a press briefing here Friday.

Rising up to 2.8 percent worth of US$ 5.91 million compared to last year`s total transaction TEI 2008 accumulated US$ 214.17 million from 37 kinds of products with 69 percent of the total figure contributed from non-traditional markets such as South America, Middle East and Africa countries.

Egypt came in the first place with transaction value worth of US$ 28.47 million followed by Bulgaria (US$ 12.25 million), Saudi Arabia (US$ 6.26 million), Union Arab Emirates (US$ 5.28 million) Algeria (US$ 6.85 million).

"It is understandable that there is a decrease from the target since we are currently facing financial crisis. Fortunately Indonesia has implemented market diversification that we can rely on non-traditional markets," the minister said.

The minister also officialy announced 24th Trade Expo would be held on October 28-November 1, 2009 at Jakarta International Expo.

Some evaluations that should be done in the following event as mentioned by the minister were making visits to production factories available for the potential buyers, constructing better booths and placements.

"Eventhough the event is over, we keep relations with the buyers as a follow up. Just like our previous experiences many transactions either as a first or repeat order were made after TEI," she said.

source: Antara

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