EEPC is pleased to announce its forthcoming INDEE - Jakarta to be held at Jakarta International Expo Kemayoran, Indonesia from 2nd to 5th December, 2009. This is a major initiative towards consolidating Indian presence into the Indonesian market. Our INDEE is coincided with Manufacturing Indonesia which, in its 20th year, is considered to be one of the major events - not only in Indonesia, but also entire ASEAN, encompassing manufacturing machinery, equipments etc. The last edition of this exhibition attracted 1,488 exhibitors from 33 countries with approximately 35,500 business visitors in attendance.
This exhibition will be supported by the following trade associations of Indonesia in order to draw attention of their members to visit our event:
Indonesia`s Business Scenario
Indonesia has the largest economy in South East Asia, and is one of the emerging market economies of the world. It has a market-based economy in which the government plays a significant role by owning more than 164 state-owned enterprises. As per “The Economist” estimated GDP for 2008 was US$ 510.8 billion. The economy`s performance in the first quarter of 2009, when real GDP grew by 4.4% year on year, was surprisingly strong, mainly owing to the resilience of private consumption. In 2008 merchandise exports (fob) rose by 18% to US$ 139 billion and imports (fob) expanded by 36.6% to US$ 116 billion. Major imports are Machinery and Electrical Equipment (26% of total import) and Base Metals (11.9% of total import). Industrial sector has more than 40% contribution in GDP with major industries including petroleum and natural gas, textiles, apparel, and mining. Indonesia’s machine tool & metalworking industries are creating higher demand for machines, technology and solutions.
Indonesia is also a part of the ASEAN trade block. The bilateral agreement between India and the ASEAN countries will provide newer opportunities to the Indian business community.
Under AFTA`s Common Effective Preferential Tariffs (CEPT), ASEAN member countries have agreed to progressively reduce import duties, ranging from zero to 5%, on all products. As an original member, Indonesia fully implements CEPT.