First Day of TEI 2018 Recorded 44 Trade Contracts & Investment

Tangsel, 24 October 2018 - On the first day, TEI 2018 was successfully recorded the signing of 44 trade contracts and investment, consisting of trade transactions of USD 513.97 million and investments of USD 4.68. That became a new record. For the investment sector, carried out by investors from Thailand of USD 180 million in the form of real estate development and USD 4.5 billion in the form of Information Technology (IT) facilities. The value of this investment has just been included in total TEI transactions in the last two years, so it is not just a trade value. The signing of the purchase mission was witnessed by Minister Enggartiasto Lukita and Foreign Minister Retno Marsudi.

The trade contracts are from South Korea, Australia, Saudi Arabia, Belgium, France / Austria, China, the Netherlands, Spain, Mexico, Thailand, Chile, Singapore, Malaysia, United States, Philippines, Brazil, United Kingdom, Germany, Egypt, Nigeria, Italy, Hong Kong, Taipei, UAE, Iraq and Japan. Ministry of Trade is targeting the value of transactions during TEI can reach USD 1.5 billion. (*)