Indonesia Committed to Exploring Business Opportunities in Latin America
Indonesian businesses continue to expand their activities to the fast-growing Latin American market.
IDXChannel - Indonesian businesses continue to expand their business activities to the fast-growing Latin American market.
The Ministry of Foreign Affairs will again hold the Indonesia-Latin America and the Caribbean (INA-LAC) Business Forum on 16-17 October 2023 at the Ritz Carlton Hotel, Mega Kuningan, Jakarta.
This event is expected to assist Indonesian businesses to explore opportunities in the Latin America and the Caribbean region.
In its endeavour to deepen business relations with Latin American and Caribbean countries, the Ministry of Foreign Affairs has adopted the theme "Forging an Effective Partnership" for the INA-LAC Business Forum 2023. The theme reflects Indonesia's determination to foster strong and effective partnerships with these countries.
"The INA-LAC Business Forum is a response to President Jokowi's instruction that we continue to make new breakthroughs, in order to boost exports of Indonesia's superior products," said the Ministry's Director General for the Americas and Europe, Umar Hadi, in a press conference on Monday (18/9/2023).
In this forum, Indonesia will focus on three sectors namely health, automotive and furniture products. These three sectors have a very large market share in Latin America and the Caribbean. The government considers that by sharpening its focus on these sectors, Indonesia's business opportunities in the region will be further expanded.
Last year, the INA-LAC Business Forum successfully facilitated more than 100 business meetings. Indonesia's exports to the Latin American and Caribbean market surged by 16.5% last year.
In the last 5 years, total trade between Indonesia and Latin America and the Caribbean increased by 8.9%. With the INA-LAC Business Forum 2023, it is expected that cooperation between the two economies will further increase, bringing greater benefits to Indonesia and partner countries in Latin America and the Caribbean. (WHY)