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Indonesia Sends Buying Mission To Oman

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Indonesia

The MoT Strengthens Trade with Oman through Buying Mission

 

 

 

 

 

Jakarta, 28 July 2016 – The Ministry of Trade continues to develop the export market through buying missions. This time, around 20 small and medium enterprises from the Chamber of Commerce and Industry of North Bathinah Oman was introduced to Indonesian entrepreneurs in Jakarta during the buying mission held today (28/7). “We’re certain that a buying mission like this can establish a network of entrepreneurs among entrepreneurs from both countries as one of the efforts to penetrate non-traditional markets,” explained the Director General of National Export Development, Arlinda.

The visit from the Chamber of Commerce of North Bathinah Oman is a strategic step and an opportunity to increase trade and investment between Indonesia and Oman after Indonesia’s integrated trade mission to Oman at the end of March 2016. “The Omani delegates have been informed about Indonesia’s economic deregulation package and they welcomed the opportunities in the economic field that have arisen as a result,” added Arlinda.

The sectors and products that attracted interest from Omani entrepreneurs included tourism, professional workforce, logistics, construction, information technology services, plastic, building materials, food and beverages, and medicine for farm animals. During this buying mission, the Omani Delegates attended a business matching with Indonesian entrepreneurs. This opportunity was used by Indonesian entrepreneurs to further negotiate with Omani entrepreneurs to reach an agreement.

During the meeting, Indonesian entrepreneurs also presented their products to further convince their potential trade partner from Oman. The Chamber of Commerce of North Bathniah Oman also met with the regional government, including the Ministry of Trade, the Coordinating Ministry for Economic Affairs, the Ministry of Foreign Affairs, and the Ministry of Industry.

The Omani entrepreneurs also met with officials from Office of President’s Special Envoy to the Middle East and OIC, the Indonesian Investment Coordinating Board (Badan Koordinasi dan Penanaman Modal/BKPM), the the Indonesian Chamber of Commerce and Industry (KADIN), the National Labor Placement and Protection Agency (Badan Nasional Penempatan dan Perlindungan Tenaga Kerja Indonesia/BNP2TKI).

These meetings were used to discuss opportunities and potential for cooperation between Indonesia and Oman in the economic and trade sector. These series of activities are coordinated by the Ministry of Trades’s Directorate General of National Export Development in collaboration with the Indonesian Embassy in Muscat.

Also supporting these activities are the Coordinating Ministry for Economic Affairs, the Ministry of Foreign Affairs, the Ministry of Industry, Indonesian Investment Coordinating Board, the Indonesian Chamber of Commerce and Industry (KADIN), and National Labor Placement and Protection Agency (BNP2TKI).

The Oman delegation is scheduled to conduct visits to Indonesia’s industrial locations (Jababeka Industrial Park and SMESCO) on 29 July 2016. Afterwards, on 30 July 2016, a business forum and a one-on-one business matching will be held with the Chamber of Commerce of West Java on the 4th floor of Menara Kadin West Java. On the same day, there will also be a visit to Saung Mang Udjo. “In the future, it is hoped activities like these could be continues to be held so as to strengthen relations between Indonesia and Oman. Not only to increase trade and investment but also other sectors which benefit both parties,” said Arlinda.

Potential Trade Partner As Indonesia’s potential trade partner in the Middle East, the growth of trade between Indonesia and Oman is still less than encouraging. Statistics Indonesia shows Indonesia’s non-oil and gas trade total with Oman in the 2011-2015 period as a negative growth of 11.88% per year. Indonesia’s non-oil and gas exports to Oman in the 2011-2015 period show a positive trend of 2.85% per year.

Meanwhile, Indonesia’s non-oil and gas import value trend from Oman is a negative 22.50% per year in the same period. The non-oil and gas trade balance between the two countries in the period of January to March 2016 experienced a USD 39.89 million surplus. This value is an increase of 1.15% compared to the same period in 2015 at USD 39.44 million. As for Indonesia’s main export product to Oman in 2011 to 2016 (March), they include palm oil, plywood, motor vehicles, paper and paper products, furniture, non-alcoholic beverages (including milk and non-alcoholic beer), tires, stationery, frozen fish, electronics, and textile and textile products.

{Source: Republic of Indonesia/Ministry of Trade-Public Relations Bureau}

[Photo credits-featured image: Wadi Shab is the most beautiful Wadi in Oman and one of the top attractions.By Ian Sewell [GFDL (http://www.gnu.org/copyleft/fdl.html), CC-BY-SA-3.0 (http://creativecommons.org/licenses/by-sa/3.0/) or CC BY 2.5 (http://creativecommons.org/licenses/by/2.5)], via Wikimedia Commons]

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