Indonesia sets $50b e-commerce trade target by 2025, says Envoy

ISLAMABAD: Ambassador of the Republic of Indonesia to Pakistan, Adam Mulawarman Tugio on Sunday said that Indonesia has set US$50 billion e-commerce trade target by 2025 to connect with the biggest sector of global trade.
There are vast opportunities in e-commerce trade between Pakistan and Indonesia, which will increase bilateral trade and investment opportunities on both sides, Ambassador of Indonesia to Pakistan, Adam Mulawarman Tugio told media here.
The Ambassador said that Pakistan and Indonesia are countries with large youth populations that can make their mark in the global e-commerce trade and create vast employment opportunities in both the countries.
He said that global retail e-commerce sales in 2020 stood at US$ 4.28 trillion, which is expected to reach US$ 5.4 trillion by 2022.
He said that there is an era of Information Technology (IT) and online connectivity in the world and now the big global brands are connected to small and big markets and are continuing their business activities.
The Ambassador said that Pakistan and Indonesia can be linked with e-commerce trade to increase bilateral trade as well as connect both sides’ youth in connection of business and trade.
With such connections, young people from both the countries and people can benefit from each other’s experiences and skills to promote economic and cultural integration.
He said that e-commerce integration in both the countries could also help in promoting tourism in both of countries and strengthen the ties between the people of both countries. – Agencies