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Jakarta Post

RI, Colombia seek increased trade tie

Apriza Pinandita (The Jakarta Post)
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Jakarta
Sat, July 4, 2020

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A

s Indonesia and Colombia commemorate 40 years of diplomatic relations this year, the two countries are seeking increased connectivity between the far-flung lands, with both sides hoping to become each other’s regional trade hubs.

One historical milestone for the optimistic vision was the recent repatriation of about 366 Colombian citizens from at least 19 countries on a special flight from Jakarta by Indonesian national flag carrier Garuda Indonesia.

The repatriation was the first direct flight made by an Indonesian airline to Colombia. The effort was conducted from May 15 to May 17 with the help of the Indonesian Foreign Ministry and state-owned company PT Industri Nuklir Indonesia (INUKI).

The company and its Colombian counterparts are exploring business opportunities in the radio-pharmacy industry.

INUKI director for operations and marketing Bunjamin Noor said on Thursday that several agendas were being planned to explore opportunities in the industry, including sending INUKI’s first batch of products to the country, saying that Colombia had the potential to become the company’s hub for its Latin American regional distribution. “However, with this pandemic, we had to postpone our delivery to Colombia, but our relationship is getting stronger,” he said.

Radio-pharmacy is one of many sectors that the two countries have explored. According to the Trade Ministry’s website, Indonesia and Colombia trade a number of commodities, including manufactured goods and agricultural products. However, the significant potential has been hindered by distance and limited information exchange between business players on both sides.

Trade Ministry data shows that the trade volume between Indonesia and Colombia accounted for only US$153 million last year. Although the volume has increased 4.22 percent since 2015, the number is still low compared to other countries in the region.

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  • Palmerat Barat No. 142-143
  • Central Jakarta
  • DKI Jakarta
  • Indonesia
  • 10270
  • +6283816779933
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