Indonesian Cosmetics Secure Over US$1.4 Million in Philippine Deals

Indonesian cosmetics and food manufacturers have secured over US$1.4 million in deals in the Philippine market. This achievement stems from a B2B matching event organized by the Indonesian Trade Promotion Center (ITPC) in Manila. Ten Indonesian cosmetics and food companies participated in the event, engaging in business discussions with approximately 30 local buyers from the Philippines. As a result, seven of the participating Indonesian firms received purchase intentions totaling over US$1.4 million from Philippine buyers. The head of the ITPC Manila office stated that this outcome demonstrates the strong demand for Indonesian products in the Philippine market. He noted particular interest in skincare products using natural ingredients and halal-certified food items. The official emphasized the ongoing aim to expand Indonesian product exports through similar matching events. Indonesia is actively strengthening economic cooperation within ASEAN, with trade relations with the Philippines being of particular importance. This deal serves as an example of the enhanced international competitiveness of Indonesian manufacturing, especially in the rapidly growing cosmetics and food sectors. It is expected to contribute to regional economic revitalization and the deepening of trade ties between the two nations.