Share
Jakarta, October 17, 2024 – Eleven partners, debtors, and Desa Devisa (Export Villages) supported by Indonesia Eximbank (LPEI) successfully secured potential transactions worth IDR 5 billion from potential buyers from 85 countries during the Trade Expo Indonesia (TEI), held on October 9-12, 2024, at the Indonesia Convention Exhibition (ICE) BSD, Tangerang. These markets included both traditional and non-traditional ones such as the United States, Azerbaijan, Turkey, Canada, Brazil, the Netherlands, Egypt, Malaysia, and Australia.
Maria Sidabutar, Head of LPEI’s SMEs Advisory Service Division, stated that this achievement underscores LPEI's commitment to empowering businesses that prioritize women's empowerment, environmentally friendly, and sustainable practices to compete in the global market.
“With participation in TEI 2024, LPEI continues to encourage national businesses to upgrade and become key players in the global export market while making a tangible contribution to Indonesia’s economic growth,” said Maria.
One of LPEI’s debtors, Hugo Inovasi, an exporter and producer of coconut sugar from Banyumas, Central Java, secured export orders for molded sugar and organic coconut sugar to the Middle East and Australia, with volumes reaching 40-50 tons.Additionally, eight business matching meetings were successfully held with potential buyers from countries such as Turkey, China, Canada, the United States, Malaysia, India, and Azerbaijan. These meetings are expected to open up broader collaboration opportunities for Indonesian businesses to expand their export markets.
Buyers were interested in export commodities such as palm leaf waste to India, coconut flour to Azerbaijan, fashion products to China, crafts and home decor to Turkey and Canada, as well as fruits, food, and beverages to the United States, Malaysia, and China.
In the LPEI business lounge area, hundreds of visitors came to the Ministry of Finance booth to gain further insights into the various products and services offered by LPEI, as well as the support provided by LNSW and Customs in facilitating exports. These visits reflect the high interest and trust from businesses and international buyers in Indonesia's featured products showcased at TEI 2024.
Kurnia Sukma, owner of CV Kurnia Nur Abadi, expressed his appreciation to LPEI for the support given to his business. The assistance from LPEI greatly helped CV Kurnia Nur Abadi access international markets through exhibitions like TEI. This export success has boosted the spirits of the local farmers supported by CV Kurnia Nur Abadi, as well as the employees, who currently number over 30, mostly elderly.
“Thanks to our participation in this year’s TEI, we secured potential transactions with buyers from Malaysia and Turkey. This is a significant opportunity to expand our market and enhance the competitiveness of our products on the global stage. We feel more confident about penetrating the export market thanks to the support from LPEI,” he added.
LPEI’s support at Trade Expo Indonesia aligns with the Government’s efforts to encourage businesses, especially SMEs, to upgrade. Not only does it produce graduates who are knowledgeable, but also practically skilled, enabling them to immediately apply the knowledge learned during LPEI’s mentoring in export activities.
As a result, from 2020 to June 2024, LPEI has produced more than 900 new exporters with flagship commodities such as food, beverages, home decor, and fashion. “This emphasizes LPEI’s commitment to supporting the Government’s efforts to encourage SMEs to upgrade and compete globally, thereby creating a multiplier effect on job creation, product competitiveness, and the sustainability of SME businesses,” said Maria.
UK Export Finance and Indonesia Eximbank Sign Memorandum of Understanding in Jakarta
The UK government, through UKEF, has signed an agreement with Indonesia Eximbank to help create new business opportunities for Indonesian exporters.
UK Export Finance (UKEF) is the UK government's export credit agency, providing financing and insurance to assist overseas buyers in executing projects using goods and services from the UK.
Signed in Jakarta, the Memorandum of Understanding (MoU) between UKEF and Indonesia Eximbank outlines the intention to collaborate on new projects worldwide, particularly in Africa and the Indo-Pacific region.
Last year, UKEF allocated nearly £1.7 billion in new financing for these regions. UKEF has also helped generate new business for hundreds of enterprises, demonstrating the significant opportunities available for businesses in Indonesia.
Through this collaboration, UKEF and Indonesia Eximbank are supporting international projects that will create contracts for businesses from both the UK and Indonesia, focusing on clean energy, healthcare, water, education, and transportation.
Dominic Jermey, British Ambassador to Indonesia, said:
“Amid the celebration of more than 75 years of diplomatic relations between the UK and Indonesia, I am delighted to expand this relationship through the agreement between UKEF and Indonesia Eximbank.”
Tim Reid, CEO of UKEF, said:
“In recent years, UK Export Finance has supported many businesses across the Asia Pacific region. Today's agreement opens an exciting new chapter in the economic partnership between the UK and Indonesia.
“Through this collaboration, we can exchange best practices, explore new opportunities, and enhance bilateral trade.”
Rijani Tirtoso, Executive Director of Indonesia Eximbank, said:
“As a globally recognized Export Credit Agency (ECA) with extensive international presence, UKEF’s collaboration with Indonesia Eximbank significantly drives business development and demonstrates both institutions' commitment to supporting responsible, green, sustainable, and impactful trade, contributing to economic growth and positioning Indonesia in a stronger role in the global market.”
This MoU strengthens UKEF's existing support for organizations in Indonesia.
UKEF has over £3 billion available to support Indonesian businesses in financing projects using goods and services from the UK.
Indonesia remains a priority market for UKEF, which appointed its first overseas representative in 2017 by naming Richard Michael as Country Head for Indonesia.
-END-
Notes to Editors
UK Export Finance (UKEF) is a department of the UK government and the nation’s export credit agency. UKEF helps exporters access working capital and manage the risk of non-payment by offering government-backed guarantees. Its financial support also helps foreign buyers execute major projects using goods and services from the UK.
UKEF positively impacts emerging markets by attracting financing for projects with high social and economic impact.
About Indonesia Eximbank
Established under Law No. 2/2009, Indonesia Eximbank is a financial institution fully owned by the Government of the Republic of Indonesia. Its main objective is to enhance national export growth and assist exporters in expanding their business capacity.
Indonesia Eximbank is committed to promoting Indonesian exporters as respected businesses with world-class export products and services in global markets.
en 
id 
