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Jakarta Post

Indonesia plays catch-up in Latin American markets

  • Dian Septiari
    Dian Septiari

    The Jakarta Post

Jakarta   /   Thu, September 26, 2019   /  04:27 pm
The Jakarta Post Image
The Koja cargo terminal of Tanjung Priok Port in North Jakarta looks quiet on Feb. 19.(JP/Damar Harsanto)

Indonesia is playing catch-up with its neighbors in the penetration of Latin American markets, amid President Joko "Jokowi" Widodo’s plan to boost exports to a region where Malaysia and Singapore have been increasing their presence over the past few years. The Foreign Ministry is set to hold the Indonesia-Latin America and Caribbean Business Forum (INA-LAC) in Serpong, Banten, from Oct. 14-15 in an attempt to lure companies from the nontraditional markets to do business in Indonesia. The event will be held right ahead of the annual Trade Ministry-led Trade Expo Indonesia from Oct. 16-20. Darianto Harsono, the Foreign Ministry's director for South America and Caribbean affairs, said Indonesia's trade with the Latin American and Caribbean region was relatively small at US$7.6 billion, or 0.37 percent of the region's total trade with the world. ...