Jakarta (ANTARA) –
The Commerce Ministry knowledgeable that the South Korean enterprise mission to Indonesia recorded commerce and funding agreements price US$296.10 million throughout the thirty ninth Commerce Expo Indonesia (TEI) from October 9–12, 2024.
The agreements cowl the acquisition of meals and beverage merchandise, spices, well being providers, wooden pellets, chemical merchandise, authentic tools producer (OEM) beauty merchandise, frozen seafood, palm oil, coal, cleaning soap, and funding in Indonesia.
Chargé d’Affaires of the Indonesian Embassy in Seoul, Zelda Wulan Kartika, knowledgeable that the embassy is dedicated to rising cooperation between companies within the two international locations, in step with the Indonesia-Korea Complete Financial Partnership (IK-CEPA) applied since January 1, 2023.
Kartika led the South Korean enterprise mission to the thirty ninth TEI.
“Numerous enterprise cooperation agreements between Indonesia and South Korea on the thirty ninth TEI have the potential to encourage Indonesian product exports to South Korea, particularly within the non-oil and fuel sector and encourage South Korea’s funding to Indonesia,” she stated in a press release issued by her workplace on Monday.
Indonesia’s non-oil and fuel exports to South Korea grew by 14.21 % within the final 5 years (2019–2023), she knowledgeable. She stated she hopes that the export worth will proceed to extend by IK-CEPA.
In the meantime, Seoul commerce attaché Eko Prilianto Sudradjat knowledgeable that 12 commerce and funding agreements price US$286 million have been cast by entrepreneurs from each international locations on the opening of the occasion on October 9.
Throughout a enterprise matching held by the Indonesian Embassy in Seoul on the next day, a memorandum of understanding (MoU) was signed for the acquisition of purple ginger price US$100 thousand.
On the third day of the occasion, cooperation within the area of expertise growth for the comedian and internet cartoon trade was agreed upon, with an funding framework of US$10 million.
Sudradjat stated that a number of networking actions have been additionally held by Indonesian representatives in South Korea.
They included exploring business-to-business (B2B matching) agreements with the East Asia Directorate of the International Affairs Ministry, and the Directorate of Market Improvement and Export Info and Directorate of Major Product Export Improvement of the Commerce Ministry on October 10.
The occasion aimed to encourage the commerce of Indonesian merchandise, particularly introducing the potential of Indonesian agricultural merchandise.
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Translator: Maria Cicilia GP, Resinta SulistiyandariEditor: Azis KurmalaCopyright © ANTARA 2024
