Indonesia Wins 45 Million Dollar Trade Contract From Australia For Coffee And Paper Commodities

Illustration (Photo: Doc. Antara)

JAKARTA - The Ministry of Trade (Kemendag) confirmed that the government has successfully facilitated the signing of a contract (purchasing order) between local business actors and trading partners from Australia for instant coffee and paper commodities worth 45.2 million US dollars.

The Director General of National Export Development at the Ministry of Trade Didi Sumedi said this success was one of the achievements made by the 2021 Trade Expo Indonesia-Digital Edition (TEI-DE).

"Since the opening of the Trade Expo Indonesia 2021, Australia has participated in signing trade commitments twice. The signing this time reached 45.2 million US dollars," he said as quoted by the official website on Monday, November 8.

According to Didi, the synergy of the two business actors from neighboring countries complements a number of cooperations that have been built so far.

“Previously, the value of the trade contract between Indonesia and Australia was recorded at US$ 108.9 million. This activity is expected to increase economic cooperation between the two countries," he said.

Overall, Didi said that the total value of trade commitment transactions during TEI-DE 2021 was recorded at more than 1.02 billion US dollars.

"I would like to thank all representatives of the Indonesian Government who have fully supported and facilitated cooperation between Indonesia and various trading partners," he said.

Even though the interactive session at TEI-DE has ended, buyers are said to still be able to explore Indonesia's superior products and services until December 20, 2021.

For information, the total trade between Indonesia and Australia in the January-August 2021 period was recorded at 7.93 billion. US dollars Of this value, Indonesia's exports to Australia amounted to 2.14 billion US dollars. Meanwhile, Indonesia's imports from Australia amounted to 5.79 billion US dollars.