Ningbo-Indonesia Economic and Trade Cooperation Forum held
- Category: Governmental News
- Published: Monday, 18 November 2019 16:52
The Ningbo-Indonesia Economic and Trade Cooperation Forum, jointly hosted by Ningbo Bureau of Commerce and Indonesian Retailers Association, was held on the afternoon of November 8, as an event to have the exchanges and talks with a marine silk road country.
The representatives from the government departments, industrial associations and trade enterprises of Indonesia introduced the development of the Indonesian retail industry, the sales of Indonesian products in China and related business and capital attracting policies, giving an outline of the cooperated development.
Ningbo has taken actions to conduct the in-depth cooperation with Indonesia. After the long-term inspection and overall assessment, Ningbo Huamao International Trade Co. Ltd. intends to set up a branch office in Indonesia, to open up the market by combining industry and trade. Based on the Memorandum of Cooperation signed with the Indonesian Investment Coordination Committee in 2018, the Ningbo Branch of China Export and Credit Insurance Corporation will improve the credit insurance
support policy, continue to expand the coverage of export credit insurance and increase underwriting and financing support for the contracting of complete sets of equipment and projects, thus safeguarding the projects invested by Ningbo enterprises in Indonesia.
Reportedly, in the first three quarters of 2019, Ningbo's import and export volume to Indonesia stood at US$1.874 billion, up by 11.9% over the same period of last year, maintaining a good momentum of development against the complex international trade situation. "Ningbo is a beautiful city with convenient transportation. We have a long history of cooperation with Ningbo and we will go further in the future." said Zhou Haoli, Indonesia's ambassador to China, with great confidence.
After the forum, the docking fair with Indonesian products was held, attracting over 250 Ningbo enterprises with the intention of investment and cooperation in Indonesia