The Ministry of Trade launched the 37th Trade Expo Indonesia (TEI), the largest trade fair in Indonesia. Trade Minister Zulkifli Hasan alias Zulhas said that this event aims to restore the indonesian and global economic vitality after the COVID-19 pandemic. "We will pour activities such as promotions, exhibitions, trade missions, and business meetings that can currently only be carried out on a limited basis in an integrated promotional event with a hybrid format through the 37th TEI," said Zulhas in a written statement, Wednesday (10/8/2022). Zulhas said the exhibition will provide convenience and comfort for visitors and buyers. Visitors can see firsthand quality products and take advantage of digital platforms so that interactive activities between sellers and buyers run more efficiently and effectively. He is also optimistic that this TEI event can have a positive impact. Considering, in the previous 36th TEI, it managed to record transactions of up to US$ 6.06 billion. It is targeted that in the 37th TEI, the number of transactions can reach US$ 10 billion. "Now is the time for Indonesia not only to become a market, but Indonesia to invade markets abroad," he explained.
Specifically this year, the TEI event will focus on a number of sectors such as manufacturing, fashion and accessories, health and beauty care, food and beverages, medical equipment, home furnishings and decorations, and digital services. TEI is also a forum for the promotion of the tourism and investment sector. "It is hoped that the implementation of TEI will always be the main agenda for all buyers abroad to find the right products and business partners," he said. Not only that, he said that currently, the work of the Indonesian economy is quite good. The Central Statistics Agency (BPS) of the Indonesian economy in the second quarter of 2022 grew 5.44% on an annual basis. One of the growths was supported by trading performance. Indonesia's trade performance also grew by 4.42% on an annual basis.
Meanwhile, in terms of exports, the trade balance surplus in the first semester reached US$ 24.89 billion or the highest in history, exceeding 2007 which was recorded at US$ 20.15 billion." The surplus was driven by the non-oil and gas sector of US$ 36.59 billion and the deficit in the oil and gas sector of US$ 11.70 billion. Non-oil and gas exports also grew by 37.33% in the first semester of 2022," he said. For information, the 37th Trade Expo Indonesia (TEI) event carries the theme 'Strengthening the Global Trade for Stronger Recovery' which aims to restore the indonesian and global economic vitality after the COVID-19 pandemic. The event will take place on October 19-23, 2022 at the Indonesia Convention Exhibition (ICE) BSD City, Banten. And online on December 19, 2022.
