Indonesia to participate in World Trade Week in Taipei

Indonesia to participate in World Trade Week in Taipei

JAKARTA (JP): Indonesia will participate in the World Trade
Week in Taipei beginning Oct. 17 with 3,000 trade representative
from around 100 countries attending.

The event is a combination of the 25th annual convention of
the World Trade Center Association (WTCA) and Taiwan's biennial
Taipei International Fair (TIF).

A press release from the Taipei Economic and Trade Office
Information Division said yesterday that WTCA representatives
will discuss their experiences in global trade and how to promote
it during the Oct. 16-20 period. Participating countries,
meanwhile, will display products ready to enter Taiwan's market
during the TIF period on Oct. 8-23.

Taiwan was Indonesia's 6th largest trading partner last year
with total trade of US$2.9 billion. The amount only accounted for
about 1.7 percent of Taiwan's total international trade in 1993.

During the first four months of this year, trade between the
two countries reached $1.04 billion, with Indonesia running a
surplus of $212 million.

Investment

Meanwhile, an investment and trade delegation from Taiwan,
comprising executives from more than 60 small and medium
companies, is currently on a visit here to participate in the
Jakarta Fair at Kemayoran, Central Jakarta.

Joseph Hsu, the leader of the delegation, said that the
delegation will visit other cities, including Bandung (West
Java), Semarang (Central Java) and Surabaya (East Java), to
discuss trade and investment with local entrepreneurs and
authorities.

Hsu said that the Taiwan pavilion in the Jakarta Fair is the
biggest pavilion and had attracted the most visitors so far,

Hsu, the general manager of the largest plastic injection mold
manufacturer in his country, Taiwan Harlin Enterprises Co., said
that Taiwan's leading trade promotion organization, the China
External Trade Development (Cetra), and the Taipei World Trade
Center, have helped organized the delegation.

Taiwan has so far invested in 266 projects worth over US$4
billion throughout Indonesia.

The Taipei Economic and Trade Office said that until the end
of May, the total approved investments from Taiwan amounted to
$8.68 billion, making Taiwan the second largest foreign investor
in the country.(icn/09)