Number IV / January 2017 | Trade & Investment Bulletin 1

Number I | September 2016

Photo: one of the luxurious hotel in the Island of Bali

Indonesia Investment Board Upbeat

about 2017, Tourism Potential

EDITOR’S NOTE

Dear Readers,

Indonesia’s tourism sector is highly potential

for investment. The government of Indonesia

is developing 10 emerging tourist destinations

to boost the arrivals of foreign tourist.

Indonesia has targeted to achieve 20 million

tourists a year by 2020, nearly double the

current figure of around 12 million per year.

In line with that ambitious target, Indonesia is

now developing its infrastructure quality by

building new roads, toll roads, seaports,

airport, including new hotels. The government

is reforming its investment-related policies and

providing tax incentives, tax allowance, and exemption from import duties to attract more

investments.

Indonesia’s economy keep increasing positive

amid the downturn of global economic

slowdown. Its GDP grows 5.1 percent in 2016

and is expected to grow 5.2 – 5.4 percent in

2017.

Indonesia investment board upbeat about 2017, tourism potential 1

Indonesia launches online services for licensing with digital signature 4

2017 will be steady year for Indonesian firms: moody's 5

Fitch ratings revises Indonesia's rating outlook to "positive" 6

Indonesian footwear industry 7

Wakatobi National Marine Park, Underwater Paradise in the Heart of Asia-Pacific Coral Triangle 10

Trade fairs, expos, & exhibitions in Indonesia 12

For more detail information please contact: Economics Affairs - Consulate General of the Republic of Indonesia 211 W. Wacker Drive #8 Chicago, Illinois 60606 Phone: 312.920.1880 Fax: 312.920.1881 Email: eni.hartati@indonesiachicago.org Website: www.kemlu.go.id/Chicago

The Investment Coordinating Board (BKPM) says Indonesia remains attractive for foreign investors and is maintaining an optimistic investment outlook for next year, eyeing tourism as the key contributor to investment growth.

BKPM chief Thomas Lembong said his office was confident that the realized investment target of IDR 592 trillion (US$43.97 billion) would be met this year, and therefore a larger goal could be set for 2017.

He added that one of the major sectors expected to boost cash inflows was tourism as reportedly, foreign investors had expressed the most interest in tapping into Indonesia’s underdeveloped yet promising tourism sector.

“Luckily, it [tourism] shined in the eyes of several investors who came to Jakarta for the Forbes Global Conference,” Thomas recently said.

Indonesia, the world’s biggest archipelago with more than 17,000 islands, is seeking to spur significant growth in the tourism sector in a bid to lure 20 million tourists a year by 2019, nearly double the current figure of around 12 million per year.

To lure people, particularly those who only holiday on the world’s most visited island of Bali, to other scenic spots, the government is working on developing 10 other destinations, including Lake Toba in North Sumatra, Borobudur Temple in Central Java and Thousands Islands in Jakarta.

(continue to page 2)

Number IV | January 2017 More articles available at: www.kemlu.go.id/chicago

Trade & Investment Bulletin

2 Trade & Investment Bulletin| Number IV / January 2017

Indonesia Tourism Development Focus on 10 Tourisms Destination Priorities.

The World Bank’s latest Indonesia Economic Quarterly Report declared that tourism was a promising field that could generate significant private investment for the nation.

In the first half of this year, Indonesia received $858.7 million as investment poured into the sector.

Apart from tourism, other areas that BKPM will rely on to raise investment are the basic metal industry and petrochemicals, both of which form the backbone of the domestic industry, Thomas said. According to Thomas, BKPM may roll out new measures to lure more investment in the near future, but no details could be disclosed as plans were still being discussed with offices of coordinating ministers and the Presidential Office.

“From the BKPM’s side, what we can do is sort out issues relating to regional administrations. I have already spoken to the Home Ministry, which holds power over the regional bodies so that the BKPM’s technical requests can be fulfilled in order to boost investment in those areas,” he said.

In the past two years, the investment body has launched several initiatives to improve its service to potential investors, most notably one-stop integrated service centers to ease the process of applying for a business permit.

Around Rp 453 trillion in investment has been realized in Southeast Asia’s largest economy from January to September, up 13.4 percent from 2015. The figure consists of Rp 295 trillion of foreign investment and Rp 158 trillion in domestic investment, increases of 10.6 percent and 18.8 percent, respectively, from the past year. Another sector that can help attract investment and will be looked at after the next year is the creative economy industry, which Creative Economy Agency chairman Triawan Munaf called an excellent contributor to Indonesia’s gross domestic product (GDP) growth.

One particular aspect of the creative economy that will be focused on is the increasing number of cinemas in Indonesia, he said. “It remains a lucrative part of the creative economy, the prevalence of cinemas boosts the film industry as well,” Triawan said.

Previously, the head commissioner of PT Graha Layar Prima, Bratanata Perdana said that his company was targeting to open eight new cinemas in the near future, a plan that requires Rp 150 billion to Rp 200 billion. Graha Layar Prima is the operator of a number of CGV Blitz cinemas scattered nationwide.

Early this year, the government scrapped the film industry from the negative investment list, paving the way for new foreign investment. Thomas also added that the culinary and fashion sectors, which are parts of the creative economy, were also formidable factors in propping up exports and imports and thereby potentially increasing investment opportunities.

Number IV / January 2017 | Trade & Investment Bulletin 3

Number I | September 2016

The 10 tourism areas slated for development are:

Lake Toba, North Sumatra

Mount Bromo, East Java

Mandalika, West Nusa Tenggara

Morotai Island, North Maluku

Tanjung Lesung, Banten, West Java

Labuan Bajo, Flores, East Nusa Tenggara

Thousand Islands, Jakarta

Wakatobi, Southeast Sulawesi

Belitung Island, Bangka-Belitung

Yogyakarta, Central Java

The program will include infrastructures such as roads, sea ports, and airports to open access to these tourist destinations. The

government will also invite investors to build hotels and other supporting facilities in the areas.

Investment Facilities / Incentives in Tourism Sector

1. Tax Allowance for the development of Tourism Zone (ISIC 68120) is available in no condition. Refer to Government Regulation No. 18/2015

2. Import duty facility refers to Ministry of Finance Regulation No. 176/PMK.011/2009. It provides an exemption from import duty on machinery, goods and materials for an industry that produces services such as, Tourism and Culture, Transportation / Communications for Public Transport Services, Public Health Services, Mining, Construction, Telecommunications Industry, and Port.

3. Value added tax facility refers to Government Regulation No. 31/2007

For further information please contact, Directorate Sectoral Promotion BKPM via email: info@bkpm.go.id

(Source: BKPM & the Jakarta Post)

4 Trade & Investment Bulletin| Number IV / January 2017

Indonesia Launches Online Services for Licensing with

Digital Signature

Coordinating Minister for Economic Affairs Darmin Nasution, Minister of Trade Enggartiasto Lukita, along with the Minister of

Administrative and Bureaucratic Reform (PAN-RB) Asman Abnur launch online license service with digital signature in Jakarta on

Friday (23/12)

Beginning January 1, 2017, online licensing service with digital signature will come into force effectively. The new service model is expected to reduce face-to-face meeting between the applicant and the licensor. By doing so, the potential for abuse of authority, for example, illegal levies, can be suppressed.

There will be four categories of services, namely licensing of foreign trade, domestic trade, standardization and consumer protection, as well as commodity futures trading.

There are 47 licensing is done via online with a digital signature, in which 34 permits are foreign trade licensing and 13 others are Domestic Trade.

According to Coordinating Minister for Economic Affairs Darmin Nasution, this breakthrough is expected to boost the

position of Ease of Doing Business (EODB) Indonesia.

Currently, Indonesia is ranked 91. "President Jokowi is targeting Indonesia to achieve rank 40 of 189 countries. With this breakthrough, we hope it will be realized," Darmin said at the launch on Friday (28/12).

From the information reported through the Coordinating Ministry for Economic Affairs site, there are two important aspects of online and digital signature permits. First is the innovation of services by the government, demanding a new mindset of the state civil apparatus (ASN). Second, good service will improve EODB rankings that could boost Indonesia's reputation.

To access the online licensing service, simply visit the official site of Ministry of Trade at:

http://inatrade.kemendag.go.id/ index.php/registrasi.

The applicant needs to submit the

application online on the website and

upload the soft copy of required

documents.

The Ministry of Trade will verify and go

through the submitted documents before

approving the applications. The Ministry

of Trade will further send an e-mail

notification in which softcopy of the

license is attached that may be printed

independently by the applicant.

(Source: Indonesian Finance Ministry)

Number IV / January 2017 | Trade & Investment Bulletin 5

Number I | September 2016

2017 will be Steady Year for Indonesian Firms: Moody's

Moody's Investors Services projects steady earnings growth for Indonesian corporations next year on the back of accelerating economic expansion, validating the debt rating agency's stable outlook on most of the companies' bonds.

Moody's expects the Indonesian economy to expand 5.2 percent from an estimated 5 percent growth rate this year, which would support corporate earnings growth of between 2 percent and 6 percent, it wrote in a report published on 14

th

December 2016.

"Higher commodity prices will benefit the oil and gas, palm oil and coal sectors, while state-owned entities will help the government fund and execute large infrastructure projects," Moody's said in the report.

Of the 41 Indonesian companies Moody's covered, 22, mostly banks and financial institutions, are rated as investment grade while the remainder remains at junk levels. In comparison, Moody's placed Indonesia's sovereign bonds at Baa3 – the lowest investment grade notch given by the agency – with a stable outlook.

Among the companies, 32 have a stable outlook on their debt ratings. A stable outlook meaning the company bonds rating may stay at the current level in the

medium term. Three companies have a positive outlook and only five have negative outlook with one company's rating being under review.

State energy company Pertamina's bond is rated at Baa3 with a stable outlook. Smaller rival Energi Mega Persada, a company controlled by the family of tycoon and politician Aburizal Bakrie, is rated with a highly speculative rating of B2, also with a stable outlook.

"Stronger than expected upstream earnings from oil-price gains will encourage oil and gas capital investments and acquisitions within the sector," the agency said.

"Priority infrastructure projects and the 35,000-megawatt power plant program will drive demand for the construction, building materials, and heavy equipment sectors," Moody's said.

State-controlled cement maker “Semen Indonesia”, state-owned gas distributor “Perusahaan Gas Negara” and heavy equipment distributors “United Tractors”

are among companies placed at investment grade of Baa3, all with stable outlooks.

In the property sector, Moody's says one-off transactions would likely become the main drive for revenue, but core "marketing sales are likely to remain weak."

The agency rates “Lippo Karawaci”, Indonesia's largest property company, at Ba3 or three notches below investment grade with a negative outlook. Rival “Alam Sutra Realty” is at the even lower speculative level of B2 with a stable outlook. Risk-averse investors may be better off investing in “Lippo Malls Indonesia Retail Trust”, a real estate investment trust that has an investment grade and a stable outlook.

Moody's expects consumer spending to rebound next year, supporting sales of property, automobiles, motorcycles, white goods and consumer electronics companies. "Upside potential is dependent on the stability of the rupiah and level of tax amnesty repatriation,"

6 Trade & Investment Bulletin| Number IV / January 2017

the agency wrote, referring to a government program that forgives back taxes on Indonesian taxpayer's hidden assets. Telecommunication companies could also expect a relatively stable business environment, with data revenue driving growth, Moody's wrote.

State-controlled “Telekomunikasi Indonesia” and its unit “Telekomunikasi Selular” are both placed at Baa1 – higher than Indonesia's sovereign bonds – with a stable outlook.

Smaller rivals XL Axiata's and Indosat's debts are only one notch below investment grade but their performance has a chance of improving over the medium term, Moody's said.

(Source: Jakarta Globe)

Fitch Ratings Revises Indonesia's Rating Outlook to

"Positive" Global credit rating agency Fitch Ratings affirmed Indonesia's long-term foreign- and local-currency issuer default ratings at 'BBB-' but revised the outlook from 'stable' to 'positive'.

The improvement is primarily attributed

to Indonesia's low government debt

burden and favorable economic growth

outlook, while structural reforms (the

government's economic policy packages

that have been launched since September

2015 as well as the tax amnesty program)

are gradually improving the nation's

business and investment climate.

Fitch Ratings further stated that it

considers Indonesia's sovereign's

exposure to banking sector risks as

"limited". Private credit represents only

36 percent of Indonesia's gross domestic

product (GDP) and the banking system's

health is relatively strong, although risks

built up in the previous credit cycle imply

a more challenging operating

environment.

Despite the challenging global economic

context, Indonesian authorities appear to

shift away from chasing their earlier (and

too ambitious) economic growth targets

and instead focus on macroeconomic

stability and structural changes that

should boost the economy in the longer

term.

Therefore, the Indonesian government

presented a realistic 2017 State Budget.

In fact, on some matters, the government

set an "un-ambitious" target (in an

apparent effort to over-deliver rather

than under-deliver). For example, in the

2017 State Budget, the Indonesian

government targets a economic growth

pace of 5.1 percent year-on-year (y/y),

while Fitch Ratings put its GDP growth

forecast for Indonesia at 5.4 percent (y/y)

in 2017 (and 5.7 percent in 2018) on the

back of structural reforms, monetary

easing and rising infrastructure spending.

Fitch Ratings has become more positive

about Indonesia's medium and long-term

economic growth due to the

government's reform efforts. Eye-

catching reforms include a reduction in

the number and duration of bureaucratic

procedures - reflected by a strong

improvement in Indonesia's ranking in

the World Bank's Ease of Doing Business

indicator from 106 to 91 - and a more

standardized approach to minimum wage

setting, which should prevent sudden and

steep minimum wage growth in Indonesia

(a big burden for foreign direct

investment).

However, Fitch Ratings also state that the

real impact of the government's reform

program on investment and GDP growth

will depend on the implementation and

to what extent the central government

continues to create a more conducive

investment climate.

Regarding the monetary and exchange-

rate policy of Indonesia's central bank

(Bank Indonesia) Fitch Ratings said it has

been effective in weathering market

turmoil, such as through ensuring

comfortable foreign-exchange buffers,

even though the policy stance could

potentially be tested again in 2017 amid

general emerging-market turbulence and

a strengthening US dollar.

However, Fitch Ratings sees Indonesia as

relatively vulnerable to shifts in market

sentiment because the nation is largely

dependent on commodities for its

exports and portfolio inflows to finance

its persistent current account deficit (that

Number IV / January 2017 | Trade & Investment Bulletin 7

Number I | September 2016

is expected to rise slightly to 2.3 percent

of GDP in 2017 from 1.9 percent of GDP

in 2016).

Other structural weaknesses of Indonesia

include a low average per capita GDP (at

USD $3,576 compared with the 'BBB'

range median of USD $9,188), while

governance continues to be weak

(illustrated by a low score for the World

Bank's governance indicator at 41st

percentile versus the 'BBB' median of

58th percentile), and Transparency

International's corruption index (88th of

168).

Meanwhile, the issue ratings on

Indonesia's senior unsecured foreign- and

local-currency bonds and foreign-

currency Sukuk (Islamic bonds) - issued

through Publisher Company SBSN

Indonesia II and III - have also been

affirmed at 'BBB-' by Fitch Ratings.

Indonesia's Country Ceiling was affirmed

at 'BBB' and the short-term foreign- and

local-currency Issuer Default Ratings at

'F3', while the senior unsecured short-

term issues were also affirmed at 'F3'.

(Source: Indonesia Investments)

Credit Rating Indonesia:

Indonesia

Standard & Poor's Fitch Ratings Moody's

Rating Outlook Rating Outlook Rating Outlook

BB+ Positive BBB- Positive Baa3 Stable

Indonesia Footwear Industry The footwear industry is an important industry for Indonesia. It employs millions both directly and indirectly. The industry in recent years is showing a sign of robust growth after a period of intense global competition.

Indonesian firms have a long experience

in producing high-quality products. In this

era of globalization, Indonesian footwear

makers are pushing the limits further to

develop footwear with better designs and

footwear manufacturing systems that are

more efficient.

One can trace Indonesian industry to the

early 20th Century. In the 1920s, a

number of local workers of a Dutch shoe

factory left their jobs to start their own

shoe-making businesses. They became

the embryo of Cibaduyut shoe industry

cluster, with now has grown to around

800 businesses and annual production of

4 million pairs. This area becomes well-

known nationwide for their quality and

their competitive pricing.

Another landmark in modern footwear

manufacturing in Indonesia was in the

1940s when Bata, a Czech company, set

up its factory in what is now known as the

Kalibata (literally, “Bata stream” as the

locals came to name the neighborhood)

area of Jakarta. Mass footwear

manufacturing boom in the country

began in the 1970’s. Since then the

industry has continued to grow. Not only

they produce local brands or custom-

made footwear (the way most businesses

in Cibaduyut or Mojokerto do), but also

global brands.

There are so many foreign brands that

are produced in Indonesia, such as sport

shoe giants (Nike, Reebok, and Adidas),

designer brands (Benetton, Tommy

Hilfiger, and Pierre Cardin), and many

others.

8 Trade & Investment Bulletin| Number IV / January 2017

The manufacturing of Nike shoes may be

the most high-profile of all in recent

times. About 55 million Nike sports shoes

are produced in Indonesia, an estimated

USD 1.3 billion in value and considered its

largest production base. Production cost

is often cited as the main reason

multinationals move their production out

of industrialized nations.

Nevertheless, this doesn’t change the fact

that Indonesia has the infrastructure and

manufacturing capability to mass produce

high-quality shoes. It is no mean feat,

considering the rigorous standards

demanded by the brands and their

consumers.

Less well known by the general public is

Indonesia’s accomplishment in other

categories. There are few examples to

briefly illustrate this. Unicorn, for

example, has been producing safety

footwear since 1976 and boasts dozens of

Number IV / January 2017 | Trade & Investment Bulletin 9

Number I | September 2016

local and multinational corporations as

clients. Indonesia is also entrusted of

supplying a large quantity of NATO-

standard military boots. In the category

of HS 950670 (which includes ice skates

and roller skates), in 2008 Indonesia was

the 13th

largest supplier to Europe (with

over USD 6 million) and rank 3rd for

NAFTA countries (with more than USD

12.5 million)—both are stunning growth.

The most common material used for

footwear manufacturing is leather and

Indonesia possesses good quality leather.

Javanese cow-hide leather is one of the

highest quality leather types in the world.

Javanese cow-hide leather is typically

more flexible and less susceptible to

tearing compared to other types of

leather in the world. It is also found to

generally have a very little defect and

thus not much is wasted in the process of

footwear making. The unique property of

the Javanese cow-hide leather is due to

the unique climate and cattle-feed used.

All these factors support the Indonesian

footwear industry in its bid to face

competition in the international

marketplace.

The footwear industry in Indonesia has

grown in many locations around the

country. From small-shop footwear

makers to large internationally connected

manufacturers, one can find footwear

makers of all sizes and specialties in

Indonesia. The footwear industry in

Indonesia today consists of more than

250 registered industries.

These are however concentrated on the

island of Java and include such major

cities and urban centers, e.g. Jakarta,

Bekasi, Tangerang, Yogyakarta, Surabaya,

Sidoarjo, Bandung, and Garut. Small

manufacturers typically cater to domestic

markets. Medium to large-sized

manufacturers typically has some of their

manufacturing capacities used for

catering to foreign orders. While

manufacturing for the foreign market

remains strong, most large

internationally-exposed manufacturers,

however, also produce for the local

market. This will help them to cushion

any hard impacts from the fluctuations of

foreign demands.

The Indonesian footwear industry can be

proudly claimed as one of the best in the

world. It is also an export-oriented

industry. Indonesia exports 20 times as

many footwear as it imports. In addition

to makers of sports footwear and

sneakers, some of the world’s most

exclusive, luxurious (and expensive)

brands outsource their products’

manufacturing to Indonesia. Some

specialized Indonesian footwear

manufacturers are used to taking orders

from the exacting demands of foreign

buyers. They may even propose new

designs to the buyers, in addition to

taking design directions from them. Some

manufacturers even manufacture high-

end footwear products for exclusive

events all over the world, in addition to

exclusive European high-end brands.

(Source: Ministry of Trade of the Republic of

Indonesia)

Ten Largest Importers of Indonesian Footwear (HS64)

No Export Destination

Country 2010 2011 2012 2013 2014

In thousand US$

1 United States 564,083.5 721,690.5 890,483.9 1,032,671.4 1,120,594.7

2 Belgium 213,578.1 295,186.5 303,081.3 296,819.3 342,832.5

3 Germany 212,818.7 273,460.8 254,415.4 261,241.5 263,442.0

4 United Kingdom 196,495.2 226,679.8 227,562.2 220,502.4 246,839.0

5 Japan 99,939.6 143,349.0 176,394.1 216,136.0 229,528.6

6 Netherlands 150,718.2 209,630.1 194,678.9 193,895.3 174,028.0

7 Italy 164,602.2 187,771.1 146,548.3 137,769.9 135,253.4

8 Singapore 45,312.1 53,782.4 60,720.2 72,830.8 64,129.3

9 Spain 37,398.7 52,899.6 50,470.7 45,067.0 47,381.1

10 Slovakia 24,125.8 18,630.4 18,534.1 17,330.8 8,269.5

Others 792,777.5 1,118,862.4 1,201,703.1 1,366,129.5 1,476,150.4

Total 2,501,849.6 3,301,942.6 3,524,592.2 3,860,393.9 4,108,448.5

Source: BPS –Indonesia Statistics Bureau

10 Trade & Investment Bulletin| Number IV / January 2017

Wakatobi National Marine Park, Underwater Paradise in

the Heart of Asia-Pacific Coral Triangle

akatobi is widely recognized as having the highest number of reef and fish species in the

world. The islands are also famous as the largest barrier reef in Indonesia, second only to the Great Barrier Reef in Australia. Here can be found fringing, atolls, and barrier reefs and offer more than 50 spectacular dive sites easily accessible from the major islands. This is the habitat of large and small fish species, the playground of dolphins, turtles, and even whales.Wakatobi alone is said to have 942 fish species and 750 coral reef species from a total of 850 of world's collection, which comparing with the two world's famous diving centers, the Caribbean Sea owns only 50 species with 300 coral reef species in the Red Sea, in Egypt.

Due to its magnificent underwater life, Wakatobi is fast gaining worldwide attention for its quality dives for beginners and professionals. Aside from its dive sites, Wakatobi has many superb beaches. The conservation group “Operation Wallacea” is very active in this marine park, conducting underwater research and conservation. During the Sail Wakatobi 2011 in August, a Marine Laboratory on Hoga Beach by Kaledupa was officially

inaugurated. The District capital of Wakatobi is Wanci on Wangi-Wangi. Since the opening of the Matohara Airport on Wangi-Wangi, these remote islands are now more accessible and can be reached by flights from Jakarta or Makassar. There is also another landing strip on Tomia island, which receives charters from Bali.

Get There Xpress Air is the only regular airline that flies from Jakarta to Bau-Bau, in Southeast Sulawesi, and continues to land on Wakatobi’s Matohara Airport on Wangi-Wangi. From here you must take a boat to Wakatobi. The Wakatobi Dive Resort operates Charter flights so they can pick up passengers from Bali arriving direct on the island of Tomia.

W

Number IV / January 2017 | Trade & Investment Bulletin 11

Number I | September 2016

Photo: Shawn Levin, Wakatobi Dive Resort

Photo: Didi Lotze, Cooking Class, Wakatobi Dive Resort

12 Trade & Investment Bulletin| Number IV / January 2017

JANUARY 18-19 January 2017

Internet Retailing Expo Indonesia

26 January 2017 Global Mobile App Summit and

Awards

MARCH 11-14 March 2017

Indonesia International Furniture Expo (IFEX)

16-19 March 2017 Megabuild Indonesia

Keramika

22-24 March 2017

- Convention on Pharmaceutical Ingredients South East Asia

-International Palm Oil Exhibition

APRIL 19-21 April 2017

Indo Intertex

26-27 April 2017 Hospitality Investment

Conference Indonesia (HICI)

26-30 April 2017 INACRAFT Show

27 April - 7 May 2017 Indonesia International Motor

Show

MAY 17-19 May 2017

Indo Livestock Expo

May 2017 Gas Indonesia Summit &

Exhibition (GIS)

JUNE 28 June - 1 July 2017

- 3rd World Conference on Business and Management

(WCBM 2017)

JULY 12-14 July 2017

- Indo Security Expo & Forum

- Indonesia Fire Expo (IndoFirex) - Indo Water

AUGUST 09-12 August 2017

East Food Indonesia

August 2017 Indonesia Marine Offshore Expo

(IMOX)

15-16 August 2017 - Indonesia International Sugar

Conference (IISC)

23-25 August 2017 Inamarine

OCTOBER 10-12 October 2017

Indonesia Maritime Expo

18-20 October 2017 International Livestock Dairy

Expo (ILDEX)

25-27 October 2017 Communic Indonesia

NOVEMBER 01-04 November 2017

Indonesia Pharmaceutical Expo (IPEX)

22-25 November 2017 Sial Interfood

DECEMBER 06-07 December 2017

Airport Solutions Indonesia

Trade Fairs, Expos, and Exhibitions

in Indonesia