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Indonesia, South Africa organize forum to boost economic ties

The Indonesian Trade Promotion Center (ITPC) Johannesburg, in cooperation with the Indonesian Consulate General in Cape Town, has organized the Indonesia-South Africa business forum in Cape Town, South Africa, to boost economic relations between the two countries.

ITPC Johannesburg head Pontas Parsaoran Tobing said the business forum was the first promotional activity implemented through one-on-one business meetings in which businesspeople could exchange information about business opportunities.

“One-on-one business meetings are an effective way to strengthen cooperation among businesspeople,” Pontas said in a written statement received by The Jakarta Post on Friday, adding that the ITPC was ready to help Indonesian businesspeople explore business opportunities in the country.

The Indonesian consul general in Cape Town, Khrisna Adi Poetranto, led the business forum, which was attended by buyers and South African Parliament member Shahid Esau.

During the event, Khrisna also promoted the 33rd Trade Expo Indonesia, dubbed the largest trade exhibition in Indonesia. It will be held from Oct. 4 to 28 at the Indonesia Convention Exhibition (ICE) in BSD City, Tangerang, Banten.

Indonesian-South African trade was recorded at US$1.2 billion in 2017, a 20 percent increase from the trade value in 2016.

Indonesian exports to the country decreased by 3.2 percent to $704 million in 2017 from $728 million in 2016, while Indonesian imports from the country increased to $492 million in 2017 from $291 million in the previous year. (bbn)

Source: The Jakarta Post