Jakarta Trade Expo Indonesia or the 37th TEI in 2022 offline or offline has been officially closed by recording transactions amounting to USD 2.94 billion or equivalent to IDR 45.7 trillion (USD 1 =IDR 15,572). PT Trisinar Indopratama (Technoplast), one of the exhibitors in TEI this time, stated the same thing regarding the enthusiasm of the public, especially buyers from the Middle East and African Continents who are exploring the entry of Technoplast's superior products into foreign markets. "Until the closing of the 37th TEI today, we really appreciate the enthusiasm of buyers from various countries, especially Middle Eastern and African countries who have a serious interest in presenting Technoplast's superior products in their countries," explained the President Director of Technoplast. Sjamsoe Fadjar in a written statement in Jakarta Monday (24/10/2022). Fadjar continued, during the 37th TEI he absorbed a lot of relevant market insights related to the various portfolios of companies that needed to be developed to meet the needs of the export market. Fadjar was also very concerned about the unique preferences of each country's buyer who attended the 37th TEI where there were more than 1,765 buyers from 91 countries that officially participated. Product development and innovation is the company's medium-term focus in responding to consumer needs both at home and abroad, "We express our appreciation to the Indonesian Ministry of Trade for attracting potential buyers from various countries that have a positive impact on domestic business actors to be able to understand the needs of the export market. Products in the category of school supplies, food/beverage containers, and household products are the most sought after by buyers. Hopefully in the future, Technoplast can continue to develop the potential of foreign markets that are still wide open," added Fadjar The Ministry of Trade through the Director General of National Export Development (PEN) Didi Sumedi said he was optimistic that the value of trade transactions would increase in line with the online Trade Expo Indonesia, which will last until December 19, 2022. "I am optimistic, the trust and enthusiasm of foreign business actors towards Indonesia is in line with the 37th TEI theme, Strengthening Global Trade for Stronger Recovery," concluded Didi. Previously, the results of the 37th Trade Expo Indonesia or TEI in 2022 offline or offline which officially closed today, were able to record transactions of USD 2.94 billion or equivalent to Rp 45.7 trillion (USD 1 = Rp 15,572). "Total transactions, both goods and services transactions, as well as investments at the 37th trade expo, were recorded at USD 2.94 billion. This is huge for us, but we expect much more," said Trade Minister Zulkifli Hasan at a press conference on the temporary achievements. Trade Expo Indonesia, Sunday (23/10/2022).
However, the Trade Minister said the number of transactions is predicted to increase. The reason is, the 37th Trade Expo Indonesia will continue to be online until December 19, 2022. "The value of this transaction will increase until December 19. So, this exhibition is still ongoing, but today is the end," he said. The offline achievement of the 37th Trade Expo Indonesia was attended by 795 exhibitors or business people, with 3,226 buyers from 187 countries, and 27,063 visitors. "For us, this is proud, but it is not in line with our target. If in China the exhibition was attended by 1 million people, now we have been successful but it has not lived up to our expectations," said the Minister of Trade. The details of these transactions include goods and services MoU with a value of USD 1.77 billion consisting of trade in goods, services of USD 843.2 million, daily transactions of USD 850 million, business matching of USD 200.5 million. In addition, investment transactions were recorded at USD 111.5 million, including USD 100 million from the Netherlands for investment in shore to ship power supply, USD 10 million from South Korea for investment in agriculture and livestock, and USD 1.5 million from Belgium for furniture. The 10 largest countries that carried out trade transactions during this exhibition were, first, India USD 871.1 million; Second, Japan USD 568.9 Million; Third, the United States USD 197.3 million; Fourth, Malaysia USD 181 Million; Fifth, Egypt USD 167.5 million. "Vietnam USD 121.9 million, Philippines USD 120 million, Saudi Arabia USD 124 million, and so on," added the Minister of Trade. Meanwhile, the 10 export products and services that recorded the largest transactions at this time were still dominated by palm oil, paper and paper products, agricultural products, coal, processed food, wood products, chemical products, furniture, electronics and electrical equipment, spices. For information, TEI 2022 which has been officially opened by the President of the Republic of Indonesia Joko Widodo (Jokowi) at the Indonesia Convention Exhibition Bumi Serpong Damai (ICE BSD), Tangerang, Banten, on (19/10/2022). TEI will be held from 19-23 October 2022 and will be a venue for business meetings to increase domestic exports.
