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Jakarta Post

Virtual business matching to help boost exports

  • Dzulfiqar Fathur Rahman

    Jakarta

Jakarta   /   Fri, July 3 2020   /  01:00 am
Small and medium enterprises (SMEs) participate in an expo at the Jakarta Convention Centre in Jakarta. The Indonesia Export Financing Agency (LPEI) or Indonesia Eximbank is seeking to issue debt paper to partially finance the SMEs.(Kompas/Heru Sri Kumoro)

The Trade Ministry is trying to spur exports by small and medium enterprises (SME) by connecting them with potential buyers abroad through virtual business matching events. In a virtual meet-up in mid-May, West Nusa Tenggara-based brown sugar producer Gula Merah Lombok secured a purchase agreement worth Rp 529.8 million (US$37,000) with Bakso Rawit Ani Pty. Ltd, which sells meatball and sambal products in Australia. Read also: Government unveils new rule to guarantee loans for MSMEs as risk aversion rises Kasan Muhri, the Trade Ministry’s director general of export development, revealed on Monday that there would be at least four virtual business matching events between July and November. The upcoming session would be an ASEAN and South Korea virtual meet-up between July 13 and Aug. 15. “COVID-19 is not only about constraints,” Kasan said in a virtual discus...