Indonesia export expo ends with $59m in deals<\/p>\n
JAKARTA (JP): The 1998 Indonesian Export Products exhibition
\nat the Jakarta Fairground ended on Sunday without fanfare but
\nwith deals signed worth US$58.9 million.<\/p>\n
The robust trade recorded by the exhibition's organizing
\ncommittee contrasted with what many exhibitors said they
\nexperienced during the five-day exhibition.<\/p>\n
Many said they recorded only a few transactions or none
\nwhatsoever. They said they could not sell their products because
\nforeign buyers found exhibited products more expensive than they
\nhad expected.<\/p>\n
The National Agency for Export Development under the Ministry
\nof Industry and Trade, which organized the exhibition, said that
\nthe transaction value could rise further because not all the
\ndeals had yet been reported to the organizing committee.<\/p>\n
He predicted that the final total could reach $70 million, a
\nsharp increase on the $56.5 million recorded at last year's
\nevent.<\/p>\n
The most popular products this year were furniture, worth
\nUS$16.8 million, or about 28.5 percent of the total transactions,
\nfollowed by handicraft products worth US$10.7 million (18.2
\npercent).<\/p>\n
Other highly traded products included plastics and glass
\nvalued at US$8.5 million (14.4 percent), textile and garments,
\nworth US$4.3 million (7.3 percent), and metal and components
\nworth US$3.6 million (6.1 percent).<\/p>\n
More than 3,000 foreign buyers from 97 countries visited the
\nexhibition by Saturday. Of the total, 631 came from Western
\nEuropean, 473 from the Middle East, 336 from Southeast Asia, 168
\nfrom East Asia, 139 from North Africa, and the rest from North
\nAmerica, Australia, Southern Africa and Latin American.<\/p>\n
The visitors consisted of both individual businesspeople and
\nmembers of trade delegations.<\/p>\n
Gusmardi said that buyers from the Netherlands signed the most
\ndeals, worth $8 million or 13.7 percent of all transactions,
\nfollowed by Indonesian agents ($5.8 million) buyers from Saudi
\nArabia ($5.2 million), Jordan ($3.2) and Germany ($3.1 million)<\/p>\n
Other nations' buyers who had concluded transactions as of
\nSaturday included Egypt, Spain, the United States, Singapore,
\nFrance, Japan, Yemen, Denmark, Britain, Algeria, Malaysia, the
\nPhilippines and Italy.<\/p>\n
Gusmardi said some foreign buyers sought products not
\navailable at the exhibition, such as plywood, cement and tires.<\/p>\n
He said next year's Indonesian export product expo would be
\nheld at the same venue from Oct. 20 through Oct. 24. (29)<\/p>",
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