Business


113


Shop Indonesian style


Macau will be the sixth Chinese city to have an Indonesian street, an indication that trade between Indonesia and the mainland has never been stronger


BY LUCIANA LEITÃO


Plaza within Taipa’s Ocean Gardens development, In- donesian Street will cover 1,600 square metres and feature more than 50,000 items of furniture, food, clothing and design arte- facts, as well as a restau- rant with traditional food.


T


here is a new street in town, one fi lled with Indonesian prod- ucts. Hosted at the Ocean


Macau’s Indonesian street opens to


the public on October 23. The mainland’s fi rst Indonesian street opened in Shanghai


two years


ago and similar streets soon appeared in Nanjing, Beijing, Hangzhou and Kun- ming. More are expected in the future. The Indonesian shopping experi-


ence will promote Indonesian culture in Macau says Sunny Sukandi, the project’s promoter and chief executive of Indonesia’s TH Group. The prices will be very


appealing, Mr Sukandi promises. “The products’ prices in Macau will be about the same as in In- donesia,” he comments.


Trade surplus The mainland enjoys a trade surplus with Indonesia but the gap has shrunk to about US$800 million


(MOP6.4 billion). “It is reasonable be-


cause China exports diverse products,” observes Indonesia’s trade attaché to China, Marolop Nainggolan. Machinery, electrical appliances


and chemicals are some of the most im- portant exports to the Southeast Asian nation. Indonesia’s most important ex- ports to the mainland are mining prod- ucts.


Mr Nainggolan believes a target of


US$50 billion in total trade between Indonesia and the mainland will be reached before the target date of 2014. But trade between Indonesia and Macau is still insignifi cant, he says. “In 2008, we


already reached


US$30 billion. There was a downturn in 2009 but now there is an increase of 62 percent when compared to last year,” Mr Nainggolan notes. The trade attaché is optimistic about


the commercial utility of the Indonesian streets. He says they play an important role in increasing awareness of Indone- sian products among consumers.


OCTOBER 2010


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