Products from SMEs in Gyeonggi Province win over ASEAN markets
The Gyeonggi Province-ASEAN FTA Trade Promotion Delegation recorded USD 18.73 million in export consultations and signed multiple contracts worth a total of USD 7.09 million. Pictured: Consultation session ⓒGyeonggi G-News
Products from SMEs of Gyeonggi Province have won over ASEAN markets, including Indonesia and Vietnam.
On November 9, the Gyeonggi Provincial Government announced that the Gyeonggi Province-ASEAN FTA Trade Promotion Delegation recorded USD 18.73 million in export consultations and signed multiple contracts worth a total of USD 7.09 million.
The Trade Promotion Delegation, featuring ten SMEs from Gyeonggi Province, hosted export consultations to meet with local buyers in a number of cities including Jakarta and Ho Chi Minh from October 31 to November 5.
The delegation included such companies as Daeho, DSB Korea, Action Tech, Hyoshin, AP, Do Dream, Security & Best, Cremotech, and GSA.
These SMEs held 65 consultation sessions valued at USD 10.49 million in Jakarta and successfully signed contracts worth a total of USD 4.86 million. Later on, in Ho Chi Minh, the delegation held 103 consultation sessions valued at USD 8.24 million and signed contracts worth a total of USD 2.23 million.
Animal feed additive producer Daeho agreed to register its products in order to enter the local market after a consultation session with an Indonesian buyer. Daeho will also provide quotes and sample quality tests for clients.
DesignPark Development, a producer of indoor and outdoor recreational rides, opted to supply products to apartments and schools in Vietnam.
Gyeonggi Province International Trade Division Director Lee So-chun said, “The ASEAN Trade Promotion Delegation was able to achieve these excellent results thanks to the competitiveness of SMEs in Gyeonggi Province.” Lee added, “We will expand actively into overseas markets with trade consultation sessions for a wide range of products.”