Tuesday, July 16, 2024

Indonesia Holds Investment Forum, Trade Expo In Davao City


Indonesia Holds Investment Forum, Trade Expo In Davao City


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At least 26 Indonesian companies joined the Investment and Trade Expo and Business Forum here slated from November 28 to December 1.

The 26 companies specialized in a variety of products ranging from food products, children’s wear, fashion accessories, shoes, leather products, and several others.

Republic of Indonesia Consulate General in Davao Dinky Fabrian said the event seeks further improve the Indonesia-Philippine trade relations through outcome-oriented business transactions.

In his message during the Business Networking Session on Friday, Fabrian said: “We offer a platform for our Filipino brothers and sisters to deepen international business cooperation for our shared prosperity ang profess”.

“With the relaunching of the Manado-Davao flight, there is more reason for us to develop and strengthen our trade and tourism potentials,” he added.

He also encouraged Mindanao businesses to seize opportunities presented by Indonesia’s development in the era.

He pointed out that in 2018, Indonesia was the 9th trading partner of the Philippines, 14th as export market, and 6th as import supplier.

Total bilateral trade was valued at USD7.81 billion while the exports to Indonesia increased by 21.79 percent from USD724.21 million in 2017 to USD881.99 million in 2018.

Fabrian added that the trading activities are mainly dominated by Luzon in the Philippines, and Java in Indonesia. (PNA)