In­done­sian firms’ del­e­ga­tion to par­tic­i­pate in Egypt’s first IATF

Del­e­ga­tion in­cludes rep­re­sen­ta­tives from PTPN, say sources

The Daily News Egypt - - News - By Ha­gar Om­ran

About 16 In­done­sian firms will par­tic­i­pate in the first In­tra-African Trade Fair (IATF 2018) that Egypt will host from 11 to 17 De­cem­ber, sources from the In­done­sian em­bassy in Cairo told Daily News Egypt, on con­di­tion of anonymity, adding that In­done­sian firms are keen on dis­cussing the pos­si­bil­i­ties of joint co­op­er­a­tion be­tween Egypt and their African coun­ter­parts.

The seven-day fair, a one-of-a-kind event, will show­case over 1,000 ex­hibitors.The IATF is ex­pected to host more than 70,000 vis­i­tors, pur­chasers, and sell­ers from African and nonAfrican coun­tries, in ad­di­tion to wel­com­ing African heads of states, and high level of­fi­cials, such as trade and in­dus­try min­is­ters, fi­nance min­is­ters, and cen­tral banks’ gov­er­nors. Ac­cord­ing to Egypt’ s Min­istry of Trade and In­dus­try’s data, the IATF is to at­tract in­vestors and stake­hold­ers to the African con­ti­nent, with a tar­get of more than $25bn in trade deals.

The IATF will open venues and en­able buy­ers and sell­ers, in­vestors, and coun­tries to dis­cuss and con­clude busi­ness deals. It pro­vides an op­por­tu­nity for ex­hibitors to show­case their goods, ser­vices,en­gage in Busi­ness to Busi­ness (B2B) ex­changes,and con­clude busi­ness deals, the data il­lus­trated.

In­done­sian em­bassy sources noted that the next In­done­sian del­e­ga­tion will in­clude rep­re­sen­ta­tives from PT Perke­bunan Nu­san­tara (PTPN) III Hold­ing, which pre­vi­ously vis­ited the mar­ket from 7 to 10 Oc­to­ber, adding that PTPN’s sec­ond visit af­firms its strong in­ter­est in co­op­er­at­ing with Egypt.

PTPN is to open two new of­fices in Cairo and Dubai, Arif Budi­man, the com­pany’s se­nior vice pres­i­dent of the mar­ket­ing de­part­ment told DNE ear­lier in Oc­to­ber,adding that his com­pany aims for di­rect ac­cess to its clients in the Mid­dle East.Crude palm oil (CPO),palm ker­nel oil (PKO),palm ker­nel (PK),palm ker­nel meal (PKM), tea, cof­fee, ca­cao, rub­ber, and gloves are the main com­modi­ties which PTPN trades in.

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