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Indonesia Reaps Export Contract of US$ 115.4 million at the Intra Africa Trade Fair 2018

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Indonesia won a trade contract worth US$ 115.4 million or around Rp 1.673 trillion (US$ 1 = Rp. 14,500) in the Intra Africa Trade Fair (IATF) 2018 in Egypt which ended last week. In total, there are 3 State-Owned Enterprises (BUMN), 12 private companies, and one financial institution from Indonesia that participated in the trade mission and reap the rewards.

They are, PT Perkebunan Nusantara (PTPN) III, which recorded a palm oil export contract worth US$ 90 million. Another state-owned company, PT Indonesian Trading Company (PPI) won a contract to sell coffee, palm oil and spices worth US$ 5.6 million. While PT Pertamina Lubricants signed a contract to sell lubricants worth US$ 6 million.

Meanwhile, a private company that also obtained a trade contract at the exhibition this time, among others, PT Pura Barutama who won a printing contract for checks, passports, and security paper worth US$ 2 million. While PT Iqra Visindo Teknologi won the HDPE boating sales contract and landing boat worth US$ 10 million.

As for PT AK Goldenesia, they got a contract to export palm oil processed products worth US$ 445,000. Then PT Dahlia Kusuma Utama who managed to sell organic fertilizer worth US$ 500,000. While PT Tunas Utama Cipta managed to sell their coffee products worth US$ 750,000. Finally, PT Talaza Global Savana won a tour package sales transaction worth US$ 34,000.

Indonesian Ambassador to Egypt Helmy Fauzi admitted he was happy with the results of the sale. This is because the value exceeds the number of trade contracts obtained by the Indonesia Trade Expo 2018 in Egypt worth US$ 76.48 million and the Indonesia Trade Expo 2017 which gets US$ 27 million.

He expressed his appreciation for the hard work of the staff of the Republic of Indonesia Embassy in Cairo and the collaboration of companies participating in the IATF 2018. Helmy hopes that efforts to penetrate Indonesian products into the African market are increasingly intensified.

“Increasing the value of transactions obtained shows that our products are increasingly in demand by the Egyptian and African markets. We must use this momentum and the Indonesian Embassy is always ready to succeed the government agenda so that Indonesian products can dominate the African market, “said Ambassador Helmy.

Ambassador Helmy also appreciated the participation of Indonesia Eximbank in the Indonesian Pavilion. This is because the bank can overcome the problem of export funding to Africa. Indonesia Eximbank has provided a standing loan of US$ 100 million to finance Indonesian exports to Africa.

“This financial facility is a manifestation of a government program to stimulate exports for Indonesian exporters who want to explore the African market,” he said.

IATF was held for the first time by Afrieximbank and the African Union this year. This trade exhibition which was officially opened by the Prime Minister of Egypt, Mustafa Kamal Madbouly took place on 11-17 December 2018. There are only two non-African countries participating in the event, Saudi Arabia and Indonesia.

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