Palm oil was One Theme in Indonesia – Spain Business Forum

Palm oil was One Theme in Indonesia – Spain Business Forum

InfoSAWIT, MADRID – In the early days of October 2018 business matching and business forum,Indonesia -Spain in Madrid, Spain were held. The two were parts of the trade mission series from Indonesia to Swiss and Spain and became the way to increase the economy and trade relationship, and networking of the stakeholders (businessmen) from Indonesia and both countries.

In the official statement to InfoSAWIT, in the business forum, Minister of Trade, Indonesia, Enggartiasto Lukita revealed the economic progress, the potential to be strategic partner with Spain, and settlement of Indonesia-European Union Comprehensif Economy Partnership Agreement(IEU-CEPA) for many sides, including the businessmen (stakeholders) in the two countries.

Minister Enggar asked the businessmen in Spain to support and accelerate the IEU-CEPA negotiation which would accommodate everyone’s interest in balance.

The business forum and business matching which were attended by 75 participants were inaugurated by the Ambassador of Indonesia in Spain, Hermono. The forum was also attended by the representatives of Minister of Industry, Trade, and Tourism, Mrs. Maria Del Marr Serrano, and General Secretary of Spanish Indonesia Business Council, Antonio Vinal. The speakers in the business forum were, Chairman in Foreign Affairs, Indonesian Palm Oil Association, Fadhil Hasan; Importer, Moycor Vic Javier Antonio VC; Director ofLeading Brands Spain, Miguel Otero;Chaiman of Export and Investor Club, Spain, Antonio Bonnet; and General Director of International Trade, Ministry of Trade, Iman Pambagyo.

The businessmen from Indonesia who also attended the forum were from palm oil, textile and garment, coffee, jewelry, paper products, and copper craft sectors.

The total trade between Indonesia – Spain in 2017 reached US$ 2,51 billion, within the surplus for Indonesia, reaching US$ 1,51 billion. The exports from Indonesia reached US$ 2,01 billion, while the imports from Spain reached US$ 496,01 million. In January-July 2018, the trade in both countries reached US$ 1,79 billion.

The numbers increased 21,77 percent compared to the same period in last year within the surplus trade for Indonesia reaching US$ 970,99 million. While the exports from Indonesia to Spain in January-July 2018 reached US$ 1,38 billion or increased 14,25 percent from the same period in the previous year which reached US$ 1,21 billion. (T2)


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