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Jakarta Post

Businesses in doubt over Latin American markets amid unrest

  • Dian Septiari and Marchio Irfan Gorbiano

    The Jakarta Post

Jakarta   /   Wed, November 13, 2019   /  07:16 pm
The Jakarta Post Image
Activity is seen at Koja cargo terminal in Tanjung Priok Port in North Jakarta on Feb. 19.(JP/Damar Harsanto)

Latin America is becoming less of a potential market and more like a cautionary tale, as businesses wait out the political upheaval and President Joko “Jokowi” Widodo warns the nation's security authorities not to fall into the same trap as those in countries like Bolivia and Chile. The region has been rocked with political turmoil, with people staging protests against their governments, most recently in Bolivia, whose president Evo Morales was forced to resign after weeks of street protests over his disputed reelection for an unconstitutional fourth term. Different waves of protests have also erupted in Paraguay, Peru and Ecuador, as well as Chile -- the only country that currently has a potential to become Indonesia’s trade hub in the region. Amid political uncertainties in Latin America, Indonesian businesses and exporters have been observing and study...