'Made in Indonesia' expo will be held in Libya

'Made in Indonesia' expo will be held in Libya

The Jakarta Post
Jakarta

To increase Indonesia's market share in Libya, the National
Agency for Export Development (BPEN) of the Ministry of Industry
and Trade will hold a solo exhibition in Tripoli, Libya, from
Nov. 15 to Nov. 19.

There will be 45 Indonesian companies at the expo, entitled
"Made in Indonesia", including service companies, producers of
consumer goods, building material, pharmaceutical firms, oil,
automotive spareparts, furniture as well as textile and garment
companies, the ministry said in a statement.

The expo is part of the implementation of the memorandum of
understanding (MOU) on a Counter Trade Agreement signed between
Indonesia and Libya in August.

The expo is expected to introduce more Indonesian goods to
Libyan people as well as people from neighboring countries.

With a population of 5.5 million people and gross domestic
product (GDP) of US$41 billion in 2002, Libya has the highest GDP
in Africa.

Lybia is a non-traditional export market for Indonesia, which
until recently only focused on the European, North American and
Japanese markets.

According to the ministry, Indonesian exports to Libya reached
$4.32 million annually over the past five years, with the export
value reaching $5.8 million last year, up 20.02 percent from
2001.

At present, Indonesia's main export commodities to the country
are plywood, rubber, steel, soap, glassware, paper, furniture,
spices, and footwear. Textile and garments, toiletries, tea,
coffee, food products, plastic goods, stationary, electronics,
tires and machinery all have positive potential in the country.