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Subject: TAITRA and Indonesia’s PPI sig...
Content: TAITRA and Indonesias PPI signed an MOU to help Taiwanese businesses penetrate the Indonesian market...

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TAITRA and Indonesia’s PPI signed an MOU to help Taiwanese businesses penetrate the Indonesian market

Source:Bureau of Foreign Trade, Ministry of Economic Affairs
Revise Date:2019-03-29

TAITRA and Indonesia's PPI signed an MOU to help Taiwanese businesses penetrate the Indonesian market

 

Mr. Yi-Chi Kang, Head of TAITRA's Planning & Finance Department, and Mr. Yaniarsyah Hasan, Director of International Trade of PPI, inked the MOU on 21 March under the witness of over 50 people including President and CEO of TAITRA, Mr. Walter M. S. Yeh, Chief of Staff of the Bureau of Foreign Trade, Mr. Nick K. Ni, representative Mr. Didi Sumedi of the Indonesian Economic and Trade Office to Taipei, and Chairman of the Asian Chinese Traders Federation, Mrs. Yu Hsiang Lee.

 

The Indonesian government has relatively cumbersome import regulations for food, pharmaceutical drugs and medical supplies. PPI as the only state-owned trading company in Indonesia is responsible for domestic dispatching of goods and the import and export of specially approved items, which requires many import and export licenses that are difficult for private companies to obtain. In the future, TAITRA will assist in organizing procurement meetings and help our businesses meet the requirements of Indonesia’s import regulations in facilitating business cooperation between Taiwan and Indonesia.

 

The Indonesian side has expressed its interests in purchasing shampoo, food, and medical equipment, etc. and helping Taiwanese businesses expand sales channels to the Indonesian market. The MOU is expected to continue the momentum to export to Indonesian - an important country targeted by our New Southbound Policy. The Indonesian representative to Taiwan, Mr. Didi said that current bilateral trade between Taiwan and Indonesia is around 8.8 billion US dollars, which is anticipated to exceed 10 billion US dollars after the MOU enters into force.

 

Mr. Yi-Chi Kang, Head of TAITRA's Planning & Finance Department, and Mr. Yaniarsyah Hasan, Director of International Trade of PPI, inked the MOU on 21 March under the witness of President and CEO of TAITRA, Mr. Walter M. S. Yeh, representative Mr. Didi Sumedi of the Indonesian Economic and Trade Office to Taipei.