Latin American Market Becomes Indonesia's Export Challenge

Coordinating Minister for Economic Affairs (Menko) Airlangga Hartarto. (Photo: Doc. ANTARA)

Coordinating Minister for Economic Affairs Airlangga Hartarto said access to the Latin American market was one of the challenges in increasing Indonesia's exports.

Meanwhile, the current government continues to encourage the opening of new markets, one of which is in Africa, Airlangga said yesterday President Jokowi had visited African countries so that of course it was hoped that he could open a wider market.

"The government is studying The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Because CPTPP will open the market entirely in Latin America," said Airlangga in a statement received, Wednesday, October 18.

For information, CPTPP or a Comprehensive and Progressive Agreement for Trans-Pacific Partnerships was followed by Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.

Airlangga said that the Trade Expo Indonesia 2023 which is implemented in a hybrid manner must be able to become a platform that represents the output of Government policies in the trade sector.

Also, trade and economic agreements in the form of PTA, FTA, and CEPA which are expected to reflect the potential for trade transactions at TEI 2023.

This year's target must be improved. This year the participants are bigger than last year, namely 1,193,000 visitors. Then it is hoped that the exports will certainly not be conveyed, the target is 10 billion US dollars, but this year's target must be higher than last year's achievement of 15.8 billion US dollars," said Airlangga.

In addition, Airlangga also appreciated several countries such as China, India, Japan, Egypt and the Philippines, which last year were the countries with the largest trade transactions.

Airlangga hopes that the TEI 2023 event, which will again present the Jakarta Muslim fashion Week, will serve as an effort to get to Indonesia as the center of the world's halal industry, as well as the world's Muslim fashion industry.

In the future, Airlangga said that not only fashion products, but also other products such as food and beverages, cosmetics, and pharmaceuticals, because Indonesia is the country with the largest Muslim population in the world.

Therefore, it is natural for Indonesia to become the center of world halal products.