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Indonesia Committed to Exploring Business Opportunities in Latin America

Economics editor Wahyu Dwi Anggoro
19/09/2023 09:50 WIB
Indonesian businesses continue to expand their activities to the fast-growing Latin American market.
Indonesia Committed to Exploring Business Opportunities in Latin America. (Foto: MNC Media)
Indonesia Committed to Exploring Business Opportunities in Latin America. (Foto: MNC Media)

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)

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