Issue 65
The Ministry of Commerce has encouraged Thai entrepreneurs to export more products to Indonesia, one of the greatest potential markets in the ASEAN region, Commerce Minister Apiradi Tantraporn stated on April 21.
“Around 10 to 20 million Indonesians or 10% of the total population have a very high purchasing power and need good quality products,” Tantraporn said. “Thai businesses should focus on four major cities, namely Jakarta, Medan, Surabaya and Makassar, that have ports and can be used as distribution centers to other parts of the country.”
In 2016, trade value between Thailand and Indonesia was US$14.45 billion.
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