Call to step up Brunei-Indonesia trade

Lyna Mohamad

Indonesia encourages Brunei businesses to look for more potential cooperation with the republic, said Ambassador of the Republic of Indonesia to Brunei Darussalam Dr Sujatmiko.

“Indonesia has many other potential products to offer in Brunei. Not only Indonesian export, we also encourage Brunei export to Indonesia. We also welcome anyone interested in investing in Indonesia,” he said at the Indonesian Business Dinner held at the Ambassadorial Residence on October 21.

Dr Sujatmiko noted the increase of Indonesia-Brunei trade volume in the last three years, from BND151.3 million in 2017 to BND230.78 million in 2019 as reported by Department of Economic Planning and Statistics (JPES) at the Ministry of Finance and Economy (MoFE).

Indonesian Ambassador to Brunei Darussalam Dr Sujatmiko. – BAHYIAH BAKIR

 

Even with the pandemic, he added, Indonesia’s non-oil and gas export to Brunei recorded 35.81 per cent increase in January-August 2020 with USD77.5 million compared to the same period last year, which was USD57.7 million as reported by the Indonesian Ministry of Trade.

“To facilitate the further increase in the future bilateral trade, we also need to improve connectivity between the two countries – air connectivity and sea connectivity. To that end, the forthcoming Trade Expo Indonesia Virtual Event (TEI-VE) 2020 would be among the best venues to explore our way forward,” added the ambassador.

The ambassador encouraged Bruneian business communities to join the TEI-VE from November 10-16 to explore potential partnerships and new products.

Last year, the Trade Expo Indonesia reached USD10.96 billion with approximately 42,000 visitors from 136 countries.

With this year’s event, to be conducted virtually, is expected to reach more buyers who will be able to freely access the e-catalogue and communicate directly with the companies using interactive features through the website.