Indonesia, West African Countries Broker $4.6m in Deals

The Trade Ministry has secured contracts worth $4.6 million in total transactions for pharmaceuticals and paper products in two West African countries, in a bid to develop a market in the region, a senior official said on Thursday (08/04). (Reuters Photo/Darren Whiteside)

By : Sarah Yuniarni | on 9:49 AM August 05, 2016
Category : Business

Jakarta. The Trade Ministry has secured contracts worth $4.6 million in total transactions for pharmaceuticals and paper products in two West African countries, in a bid to develop a market in the region, a senior official said on Thursday (08/04).

The Indonesian officials — represented by the directorate general for national export development (Ditjen PEN), the Embassy in Abuja, Nigeria, and the Indonesia Trade Promotion Center (ITPC) — embarked on a five-day roadshow beginning July 25 in Nigeria and Ghana. The party met with traders, media officials and banking and financial institutions.  

"We secured $2.4 million transactions from Nigeria, while we won $2.2 million worth transaction from Ghana," Ari Satria Ditjen PEN secretary general at the Trade Ministry said in a statement.

Seven companies attended: Phapros, Pajajaran Prima Boga, Sanfood Prima Makmur, Pabrik Kertas Tjiwi Kimia, PIM Pharmaceuticals, Promosia Indonesia and Dua Kelinci.

"We need to seize the big potential market in Nigeria and Ghana as those countries are the biggest non-traditional markets in West Africa," Ari said, adding that Indonesian products could attract more consumers in the region.

Over the last five years, total trade transactions between Indonesia and Nigeria increased 2.41 percent. In 2015, the total of non oil and gas transaction between the two countries reached $449 million, while Indonesian exports to Nigeria recorded $445 million in the same year.

Total trade transactions between Indonesia and Ghana saw a 2.19 percent increase in the last five years, while total trade between the two was recorded at $180.76 million. Indonesian exports to Ghana in 2015 recorded $158.38 million.

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