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KOIMA News

Title KOIMA Import Delegates' visit to Indonesia
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 South Korean entrepreneurs who are the members of the Korea Importers Association (KOIMA) plan to visit Indonesia to see directly and buy the products of the country.

On Monday (10/07/2017),  the official statement of the Indonesian Embassy in South Korea stated that more than 100 Importers from South Korea are having a visit to the country for business reasons. From July 12-15, 2017, a series of activities, including business forumsone-on-one business matching and industrial visit.

The delegation has been led by Vice-Ambassador of Indonesia, Cecep Herawan and Chairman of KOIMA, Myoung-Jin Shin.

According to the Trade Attaché of the Indonesian Embassy (Seoul), Aksamil Khair, the number of delegates has reached 120 people, consisting of the company's Chairman and the officials of KOIMA.

"Products of interest by members of the delegation are quite diverse, including rubber products, CPO, electronics, textiles, wood, coconut products, chemical products, building materials, cosmetic materials, glass products, handicrafts , food products and others, " - Aksamil Khair.

In order for this mission to be successfully generating trade contracts before the departure, they have to facilitate communication with potential suppliers from the homeland. Thus, in the future, it would be finalized and enhanced the relationship.

Ambassador of the Republic of Indonesia in Seoul, Umar Hadi, has conducted intense discussions with Chairman of KOIMA in an effort to increase Indonesia-South Korea trade. One of the efforts was sending the importers to the forum, with lots of possibilities.

"I am confident that this visit will be able to pump back the bilateral trade performance that has decreased," said Ambassador Umar Hadi.

Total Indonesia-Korea trade in 2016 was recorded at the US $ 14.8 billion, an 11% decrease compared to the previous year's trade. Nevertheless, there is a surplus on the side of Indonesia of the US $ 1.6 billion.

Meanwhile, in January-May 2017, total trade amounted to US $ 7.3 billion, an increase of 22.6% against 2016.

Korean imports from Indonesia are still dominated by raw materials and finished goods such as coal, rubber, plywood, other mining products and electronic components. However, other products like the garment, footwear, vegetable oil and other non-oil products have shown a tremendous increase in the last 2 years. 



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