Jakarta (ANTARA) - Trade Ministry, Indonesian Embassy in Singapore, and Bank of Indonesia (BI) collaborate to host Indonesian Pavilion that showcases nine micro, small, and medium enterprises at the Singapore International Jewelry Expo 2023 on July 13-16, 2023.
Director General of National Export Development at the ministry Didi Sumedi stated that jewelry has become one of Indonesia's strategic commodities that hold significant contribution in bringing surplus in Indonesian exports in the past two years.
In the previous year, jewelry exports recorded a total value of US$6.3 billion, an increase by 7.12 percent as compared to the previous year, he noted. "Of that export value, more than 20.4 percent is exported to Singapore, which makes Singapore the second-largest destination country for Indonesian jewelry," he elaborated.
Sumedi opined that the potential of such positive trend must be tapped into for improving the performance of jewelry exports in future. Indonesian Ambassador to Singapore Suryo Pratomo stated that for the past few years, Indonesia had successfully established a comprehensive industrial products' export roadmap, which highlights the downstreaming policy as its driving force.
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According to Pratomo, Singapore is Indonesia's most important partner on the regional scale in terms of jewelry. "One of the main products resulting from the policy is jewelry, and Singapore is the most important partner of Indonesia on the regional scale in terms of jewelry products," he added.
