Tobacoo, Cotton leads exports to Indonesia

Tobacoo, Cotton leads exports to Indonesia

The business community has been implored to search for more opportunities in Indonesia and increase the country’s exports to the Asian nation.

Partigi Samosir, Indonesian Embassy Minister Counsellor said Zambian investors should consider participating at the forthcoming 32nd Trade Expo in Jakarta scheduled for October.

Samosir said the Expo presents an effective platform for Zambian investors to explore business and investment opportunities in Indonesia.

Last year, the Expo closed with a number of transactions valued at US$975 million, a 7.2 percent rise from 2015.

Dr Samosir said of the total number recorded, US$826.52 million involved the sale of goods and US$48.23 million for services.

Currently Zambia exports mainly tobacco and cotton to Indonesia which racks in an average to a tune of US$1.7million annually.

“The exports from Zambia to Indonesia are much bigger compare to ours which stands at US$1.1 million annually.

Indonesia’s main imports from Zambia are tobacco and cotton,” Samosir said.

He said Zambia could also tap from Indonesia opportunities, as a member of the G20, an international forum that brings together the world’s 20 leading industrialised and emerging economies.

“As a member of the G-20 with an economy of US$1 trillion, Indonesia is a major market. Hence investments, both domestic and foreign, have been rising steadily over the past few years,” Samosir said.

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