Jakarta, 27 September 2021 -- Along with the improving global economic prospects, which are expected to begin next year, in order to capture opportunities to increase non-oil and gas export performance in the country, the Indonesian Ministry of Trade (Kemendag) will again hold Trade Expo Indonesia 2021 or TEI Digital Edition 2021. This is an opportunity that is opened for business actors who want to get buyers from the global market, without the need for exhibitions abroad.
The largest cross-border trade exhibition in Indonesia will be held in a hybrid manner, namely online from 21 October 2021 to 4 November 2021 (Online Interactive) and offline on 21 October - 20 December 2021. Different from the previous TEI, this event is equipped with breakthroughs prepared by PT Bank Negara Indonesia (Persero) Tbk or BNI, as the TEI 2021 banking partner.
The Minister of Trade of the Republic of Indonesia, Muhammad Luthfi said, the Government provides broad opportunities for business actors, especially the Small Micro and Medium Enterprises (MSME) segment to promote their products through this event. Thus, this event is expected to encourage increased non-oil and gas export performance in the midst of the ongoing Covid-19 pandemic. “The 36th TEI 2021 has the theme Reviving Global Trade which is expected to revive global trade which had experienced a downturn due to Covid-19," he said at the Opening Ceremony of 36th TEI 2021, Jakarta, Monday (27/9/2021).
Luthfi emphasized that TEI 2021 is important because Indonesia's export advantages are strongly influenced by the global economic recovery and demand from trading partner countries. "In particular, Indonesia's monthly export value was recorded as the highest in Indonesia's history, reaching USD 21.42 billion, with the value of non-oil exports reaching USD 20.36 billion," he explained.
In the holding of TEI 2021, BNI participated as an official bank partner. This is a tangible manifestation of BNI's support for the Government's efforts to spur growth in non-oil exports, especially through business actors in the MSME segment.
BNI’s President Director, Royke Tumilaar said, BNI's role in encouraging non-oil and gas export performance during this pandemic includes providing support that can help Indonesian MSMEs advance to GoGlobal class through BNI Xpora.
By utilizing BNI Xpora, MSMEs can increase their capabilities, gain access to digital knowledge, and expand their market to foreign countries. Therefore, BNI developed the tagline: Go Productive, Go Digital, and Go Global.
With Go Productive, BNI provides integrated business productivity tools through collaboration with start-ups, as well as providing fast services, and integrated financial solutions through financing, supply chain financing, trade financing, OAF, transactions, and other products. While with Go Digital, BNI facilitates MSMEs by providing an integrated digital platform.
With Go Global, BNI provides market access by collaborating with several ministries, including Ministry of Cooperatives, Ministry of SOEs, Ministry of Trade, Customs, BKPM, Ministry of Foreign Affairs, e-commerce, global trade associations, and other private parties.
At this event, BNI also prepared a Banking Advisory which provided a special live chat feature for TEI visitors who wanted to ask for banking solutions. "BNI, as a strategic partner of the Ministry of Trade, will always support every work program of the Ministry of Trade, especially for increasing exports and MSMEs," said Royke.
He revealed, to encourage non-oil and gas export performance, BNI has an extensive overseas network, as a competitive advantage compared to other national banks. "In the future, BNI will strengthen the role of Foreign Branch Offices as a source of international funding, lead Indonesian exporters to go global, and bring investment to Indonesia (Foreign Direct Investment)," he said.
In addition, through the Ministry of Trade, BNI also encourages the Indonesian export market through cooperation with the B2B counter-trade scheme for 35 pilot project partner countries. Thus, this can provide additional export value, save foreign exchange, and overcome and help economic difficulties for small-scale exporters. "Of course, as a banking solution for financing, advisory, business channeling, BNI is here as a one stop solution," he explained.
BNI's advantages in the international banking segment can be seen from the achievement of the Company's trade finance business performance, where export volume until August 2021 grew by 79.32% yoy and imports grew by 74.10% yoy. BNI's performance is also in line with Indonesia's Non-Oil and Gas Export Growth of 37.03% and Indonesia's Non-Oil and Gas Imports of 49.39% in the same period.
For more information, please contact:
BNI Corporate Secretary