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Jakarta Post

RI must clear obstacles to reap benefits from trade with Latin America, Caribbean

Indonesian businesses need to overcome several hurdles in trade with countries of Latin America and the Caribbean, but officials say their rewards could be worth the effort.

Apriza Pinandita (The Jakarta Post)
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Tangerang, Banten
Tue, October 15, 2019

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RI must clear obstacles to reap benefits from trade with Latin America, Caribbean Trade Ministry National Export Development Director General Arlinda (fifth left) poses with the secretary to the Foreign Ministry's Directorate General for America and Europe Ratu Silvy Gayatri (fourth left) along with representatives of various government bodies and business associations following the announcement on the 34th Trade Expo Indonesia on March 25 at the Trade Ministry in Jakarta. (JP/Rachmadea Aisyah)

Cooperating with partners in far-flung regions is an intricate effort but very much possible nonetheless.

It is in this spirit that businesspeople from Indonesia, Latin America and the Caribbean are looking for ways to unleash their countries’ potential, despite low awareness of the opportunities for partnership on both sides.

Shermeli Zela Meza is a manager at a mattress company in Peru. She has traveled some 18,500 kilometers to Indonesia because her company wants to import intermediary goods like polyester and tricot to produce mattresses.

According to her colleagues in Peru, Indonesian textiles are among the best in terms of quality.

“But we want to know how to deal with the legal procedures, transportation and other issues before we settle down with an agreement,” Meza told The Jakarta Post on the sidelines of the Indonesia-Latin American and Caribbean (INA-LAC) Business Forum in Tangerang, Banten, on Tuesday.

Meza was among more than 200 participants at two-day event, which served as a platform for businesspeople and decision makers to talk shop and explore potential collaboration to boost trade and investment between the two sides.

Deputy Foreign Minister AM Fachir said the forum was held with the aim of raising awareness about opportunities on both sides and to mitigate the obvious challenges in trade, including the geographic distance and connectivity as well as tariff and nontariff barriers.

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