INALAC Business Forum: Proof of Indonesia’s commitment to the Latin American and Caribbean market

The holding of the Indonesia-Latin America and the Caribbean (INALAC) Business Forum in Lima, Peru, from 11 to 13 September 2024, is concrete proof that Indonesia is increasingly committed to working on the potential of the Latin American and Caribbean markets.

This was conveyed by the Director General of American and European Affairs of the Ministry of Foreign Affairs, Umar Hadi, when opening the VI INALAC Business Forum in the Peruvian capital.

“The organization of the INALAC Business Forum is an affirmation of the seriousness of the Government of Indonesia to continue promoting trade and investment cooperation, establishing rapprochements and strengthening business networks, including the provision of mutually beneficial business collaboration opportunities with countries in Latin America and the Caribbean,” said Umar Hadi.

Addressing some 350 guests, including Peru’s Deputy Minister of Foreign Trade and Tourism, Teresa Mera Gomez, the Mayor of Miraflores and Ambassadors from friendly countries, the Peruvian Chamber of Commerce and Industry and Latin American and Caribbean countries, DG Umar Hadi highlighted that the INALAC Business Forum in Peru is the first large-scale comprehensive business mission undertaken by Indonesia in the Latin American and Caribbean region.

The Business Forum was attended by a variety of stakeholders, including government elements, business actors including the Chamber of Commerce and Industry (KADIN), civil society, academics and culture from Indonesia, Peru and Latin America and the Caribbean.

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The INALAC Business Forum in Peru, with the motto “Promoting growth, strengthening society”, aimed to specifically address one of the challenges related to the distance between the two regions. The large number of businesspeople from both regions who attended directly in Peru is proof that the distance factor is not a major obstacle. Distance is a myth. According to the Vice Minister of Trade and Tourism of Peru, the INALAC Business Forum is a perfect vehicle to promote trade and investment cooperation between the two regions.

“I am very pleased that Peru has been chosen as the venue for the INALAC Business Forum,” he said.

The INALAC Business Forum 2024 facilitated various business meetings, promotion of superior Indonesian products and amlatkar, and business negotiations between Indonesian businessmen and their counterparts in the region.

At least 46 Indonesian medium and large companies and micro, small and medium-sized enterprises (MSMEs) were present at the INALAC Business Forum exhibition.

Among them are the supporting actors of Gadjah Tunggal, Sanbe Farma, Mayora, Indofood, Toyota Indonesia, Sido Muncul, Eratani, Haloni Jane, Skala Group, Oxytane and Nakula Jewelry.

The organization of the INALAC Business Forum is an affirmation of the seriousness of the Government of Indonesia to continue promoting trade and investment cooperation.

Several state-owned companies, namely Pertamina and PLN Indonesia Power, as well as three Indonesian universities (ITS, IPB and Binus), are also specifically participating in this event.

Indonesian businessmen will meet with representatives of some 65 companies and potential partners from Peru and other countries in the region, namely Argentina, Ecuador, Uruguay, Chile, Mexico, Brazil, Colombia, Jamaica, Suriname and Venezuela.

INALAC Business Forum 2024 is also a manifestation of Indonesia’s commitment and real innovative steps in expanding and diversifying export markets for Indonesia’s superior products.

The Latin American and Caribbean region is an important partner for Indonesia. It is no surprise that Indonesia continues to strengthen trade interactions with countries in the region.

In addition to the exhibition, the INALAC Business Forum in Peru offers a series of business activities, ranging from business meetings, business pitching, business networking, CEO Talks to community forums.