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| Friday, 10 April 2015, 13:00 HKT/SGT | |
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JAKARTA, Apr 10, 2015 - (ACN Newswire) - The Jakarta International Handicraft Trade Fair (INACRAFT 2015) is the key event that helps to strengthen Indonesia's creative industry in relation to the ASEAN Economic Community (AEC), Director General of National Export Development of the Trade Ministry Nus Nuzulia Ishak stated.
"INACRAFT 2015 provides a valuable opportunity and important strength to the Indonesian handicraft industry's creative economic players in the face of the AEC," Ishak noted in a press statement here on Wednesday. Ishak affirmed that the trade ministry continues to improve the country's competitiveness through the development of products and marketing. Through INACRAFT 2015, the creative industry and handicraft businesses are able to market their products.
Handicraft industry is one of the creative industries that significantly contributes to the nation's economic growth. Ishak explained that the ASEAN market is quite attractive, and the country's creative industry could serve as an important economic means to face the AEC. "Indonesia's handicraft product exports to the ASEAN increased by 14.11 percent over the last five years, with a value of US$27.8 billion recorded until 2014," Ishak stated.
He remarked that the key to success of the country's creative industry was innovation and the skill to identify the market while continuing to improve quality. Indonesia's handicraft exports in 2014 stood at US$694.34 million, with a positive upward trend of 2.63 percent, he pointed out.
The 17th Jakarta INACRAFT 2015 was inaugurated by President Joko Widodo on Wednesday at the Balai Sidang Jakarta Convention Center (JCC). Held from April 8-12, 2015, INACRAFT is Indonesia's biggest and most comprehensive exhibition of gifts and housewares.
INACRAFT 2015 is organized by the Association of Exporter and Producer of Handicraft of Indonesia (Asephi) in collaboration with Mediatama Binakreasi. The annual event has become an icon of Indonesian handicraft products' exhibition and is in keeping with the government's annual agenda to consistently develop the quantity and quality of products.
Asephi Chairman Thamrin Bustami had earlier affirmed that a total of 1.6 thousand companies from all the provinces across the country participated in the INACRAFT 2015, which is expected to be visited by around one thousand foreign buyers and 200 thousand domestic buyers. He noted that craft industries in Indonesia have started to show potential, which is apparent by the increasing number of local craftsmen with new innovations and creativity producing new products.
Promising economic demands and market opportunities have made these industries more interesting and reliable to explore with a glimmer of national economic growth and improvement. With its sub-theme "Improving Quality of Creative Handicraft to Penetrate the Global Market," this exhibition is expected to showcase the existence and compatibility of Indonesian creative craft industries to the international craft community during the time of stiff competition from similar products manufactured by other countries in the world.
Last year, the INACRAFT 2014 adopted Central Java's cultural inheritance as its main icon aimed to develop creative economy products in order to improve the export quality of Indonesian craft products to become one of the alternative sources for supporting the national economy in this global free-trade era.
Learn more about INACRAFT at http://www.inacraft.co.id/.
Topic: Press release summary
Sectors: Daily Finance, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network
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