A three-day Indonesian trade fair will begin on Thursday with an aim to strengthen trade and cultural relationship with Bangladesh.
The Indonesian embassy, Indonesian ministry of trade and Indonesian ministry of tourism jointly organise the first Indonesian trade fair, an official said at a press conference at Le Meridien hotel in Dhaka on Tuesday.
The fair will remain open from 10:00am to 9:000pm from April 26 to 28 at the hotel.
The event comprises business and networking programmes, trade exhibition, fashion shows and cultural performance, talk shows, and film screening.
The fair will exhibit Indonesian products and consumer goods, services, culture, and tourism.
The Indonesian ambassador, Rina Prihtyasmiarsi Soemarno, said, ‘We organise the fair to get more visibility in Bangladesh, as well as encouraging Indonesian entrepreneurs and companies to expand their businesses to Bangladesh.’
Indonesian entrepreneurs are looking at the possible joining venture in energy, logistics, transportation, infrastructure, hotel and property, and other sectors, she said.
Soemarno said around 100 business people and 45 Indonesian companies, including Angkasa Pura, Adaro Energy, Garuda Food International, PT INKA, and the state-run company PT Pertamina, will participate in the far.
Pertamina has already signed contracts with Petrobangla to supply LNG amounting 1 million tonnes per annum to build an integrated power plant in Bangladesh, the ambassador said.
In January 2018, Indonesia and Bangladesh agreed to commence the negotiation for the preferential tariff agreement that would increase bilateral trade between two countries, she said.
Indonesia’s major export to Bangladesh are palm, coal, chemical wood pulp, yarn, and artificial staple fibres while Bangladesh export garment apparel products and yarn of jute to the country.
The trade volume between the countries amounted to $1.67 billion in 2017, with Bangladesh’s import amounting to $1.60 billion.