The Ministry of Trade will hold a trade mission and promotion of Indonesian products in South Korea to strengthen the market in the East Asia region as well as one of the efforts to restore the national economy. The activity, led by the Deputy Minister of Trade, Jerry Sambuaga, will take place on 7-10 June 2022. “This activity is a concrete step for the government to maintain and encourage the increase in the value of Indonesia's exports to South Korea. This is done through participation in the ASEAN Trade Fair at the 2022 Seoul Food & Hotel exhibition, business forums, business exploration, as well as Indonesia-South Korea trade cooperation within the framework of the Indonesia-Korea Comprehensive Economic Partnership Agreement (IK-CEPA)," explained the Vice Minister of Trade. A total of 11 companies and two associations, namely the Chamber of Commerce and Industry (Kadin) and the Indonesian Retail Entrepreneurs Association (Aprindo) will attend a series of trade mission activities which will be carried out back-to-back with the 2022 Seoul Food & Hotel exhibition. The Indonesian delegation is also scheduled to hold a bilateral meeting with the Ministry of Trade, Industry, and Energy (MOTIE) of South Korea regarding bilateral cooperation between Indonesia and South Korea, including IK-CEPA and the Regional Comprehensive Economic Partnership (RCEP).
In addition, the Indonesian delegation will also hold a business meeting with the Busan Indonesia Center (BIC) and also with the Korea Importers Association (KOIMA) in the Indonesia-Republic of Korea Business Forum and Business Matching activities. Director General of National Export Development (PEN) Didi Sumedi said that during this trade mission, a memorandum of understanding will be signed in the trade sector. "It is hoped that a memorandum of understanding will be signed after a business meeting between South Korean business actors and Indonesian business actors," said Didi.
