Building stronger trade ties
Agreement will see Indonesian companies being promoted in Hong Kong, writes Nazvi Careem
Hong Kong and Indonesia have long enjoyed healthy trade and economic ties, and their relationship was strengthened earlier this year with the signing of an agreement to increase co-operation.
In April, Nus Nuzulia Ishak, director general of Indonesia's National Export Development, and Benjamin Chau, deputy director of the Hong Kong Trade Development Council (HKTDC), signed a joint statement in conjunction with the Hong Kong International Gifts and Premium Fair.
"The signing of this joint statement is an effort to optimise the programme and joint co-operation between Indonesia and Hong Kong that is written in the [memorandum of understanding] on trade promotion signed on 20 February, 2012," Nus said.
The agreement will see the HKTDC promote 500 Indonesian companies on its website, targeting art, decorations and craft; houseware; furniture; gifts, premium toys and games; gemstones and jewellery; garments and textiles; fashion and accessories; food; and tea and stationery.
Chau said the Hong Kong business community was able to increase trade relations with Indonesian entrepreneurs, who could use the HKTDC's website as a marketplace to attract local partners.
Nus added: "It is hoped that Indonesian export products can be developed in accordance with international market preferences and the current product trends, which in the end would continue to increase Indonesia's trade volume."