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Business leaders attend Indonesia expo

30 August 2013, 09:34Henry Ifeanyi

Lagos - About 500 Nigerian entrepreneurs will attend the Trade Expo Indonesia scheduled for October.

Director of the Indonesian Trade Promotion Centre (ITPC) at the Embassy of the Republic of Indonesia, Pontas Tobing, said the Trade Expo was a good avenue to improve trade relations between his country and Nigeria.

According to him, with a population of 250 million, an active workforce of about 150 million, a land mass five times the size of Nigeria, and favourable gross domestic product, Indonesia offered great business opportunities for discerning Nigerian entrepreneurs.

Tobing noted that last year, Nigeria recorded the highest attendance at TEI 2012, with over 200 businessmen and women in attendance, representing 27.27 percent of total attendance.

He however said despite the large number of Nigerian business leaders that attended the trade expo last year, the overall trade balance between Nigeria and Indonesia is still currently tilted in favour of Nigeria because Indonesia imports oil and gas from Nigeria.

"Total volume of non-oil and gas trade between Indonesia and Nigeria in 2012 is valued at $448.6 million, with a target to increase the figure by 12 percent in 2013," he said.

Trade Expo Indonesia is an annual export products exhibition organised by the Ministry of Trade of the Republic of Indonesia in cooperation with the Ministry of Industry and Indonesian Investment Coordinating Board.

It encourages business and trading activities in a variety of products and services, expanding business networks and exchange the unexploited and untapped business potentials that exist in the Asian country.

- CAJ News


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