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Indonesia to open ITPC in Poland to expand its market share

YarnsandFibers News Bureau 2015-05-06 13:00:00 – Jakarta

Indonesias trade value against Poland shows a positive value in the last five years, with an increase of 9.3 percent each year. Indonesia will open Indonesian Trade Promotion Center (ITPC) in Poland to expand its domestic products market share in the Polish market, where the two countries have potential in terms of trade.

Trade Minister Rachmat Gobel after a bilateral meeting with Minister of Economy of Poland Janusz Piechocinski stated that the main target of Indonesia in Poland is to expand its market share for its domestic products to compete with its competitors from the ASEAN countries, whose products already dominate Polands Mariwilska wholesale market center.

Another issue discussed in the meeting was the developments of the 9th WTO Ministerial Conference in Bali, as well as economic partnership through the framework of Indonesia-European Union Comprehensive Economic Partnership Agreement (I-EU CEPA).

The minister brought 18 export companies of various sectors, which includes textiles and textile products to enter the Polish market.

The business luncheon this year was the biggest in the last five years because some 40 businessmen from Indonesia met with 70 trading partners from Poland.

Indonesias one of the main export commodities to Italy in the January-February 2015, t-shirt share 3.8 percent.

The trade mission is to achieve the target of a three-fold increase in exports, where for Poland in 2019 the non oil exports are expected to amount to US$ 1.1 billion.

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