Business opportunities are focused on five priority sectors: automotive components, aerospace, food and beverage, furniture and handicrafts, and paper products
Indonesia is one of the 10 potential countries of global manufacturing and the largest economy in Southeast Asia. In addition, its important population - some 250 million inhabitants - and its growing middle class represent a business opportunities niche for Bajio entrepreneurs.
According to data from ProMexico, the commercial relationship between Mexico and Indonesia reached 1,384 million dollars at the end of 2016.
Therefore, in order to explore the Mexican market and present Indonesia's commercial and industrial strengths, Corporativo Senoro, in coordination with the Embassy of the Republic of Indonesia and the Indonesian Trade Promotion Office, held a Business Meeting with businessmen in the region in the city of Leon, Guanajuato.
In an interview with Mexico Industry, Luis De Regil, partner and director of Corporativo Senoro, announced that Indonesia is interested in the Bajio market, so he decided to make a series of meetings with entrepreneurs to know the range of products and sectors with potential for doing business.
“The commercial mission held business meetings in the cities of Merida, Yucatan; Leon, Guanajuato and Guadalajara, Jalisco. The meetings were held with representatives from sectors such as food, textile, automotive, furniture, services and tourism,” he explained.
COMMERCIAL AND INDUSTRIAL STRENGTHS
In front of more than 50 representatives of Chambers of Commerce and entrepreneurs of the region, Yusra Khan, ambassador of the Republic of Indonesia in Mexico, reported that the economic growth of this country in 2016 reached 5.02 %, compared to 4.88 % of 2015.
“For Indonesia, Mexico is a very important trading partner. Our business relationship reaches more than 1,000 million dollars, but it does not represent the potential we have. That is why, through these activities and business meetings we can increase that relationship,” he said.
Aji Setiawan, Minister Counselor of the Indonesian Embassy, said the government's project is to move from economy 16 to position as the seventh largest economy in the world in 2030.
He emphasized that there are currently 45 million consumers in Indonesia and that by 2030 they are 135 million, making it a potential market for Mexico.
He reported that from January to May 2017, total trade between Mexico and Indonesia reached 527 million, an increase of almost 25 % compared to the same period last year.
The minister highlighted the priority industries for Indonesia: processed foods, automotive, pharmaceutical industry, metallurgy, energy, transport equipment, electronics, textiles, footwear, among others.
Business opportunities are focused on five priority sectors: automotive components, aerospace, food and beverage, furniture and handicrafts, and paper products.
TRADE EXPO INDONESIA
Banny Ramadhani, director of the Indonesia Trade Promotion Center (ITPC) in Mexico, explained that the purpose of this trade office is to promote trade between Indonesia and Mexico, provide information and promote business links.
He said that Indonesia exports from Mexico: vehicles, electrical equipment, machinery, oils or vegetable fats, among others.
He informed that the Indonesian Trade Secretariat will hold the Trade Expo Indonesia (TEI) 2017. This is the largest exhibition of products in this country and for five days, from October 11th to 15th, 2017, business people from all over the world, including Mexico, will meet to find partners and do business in Indonesia.
The attendance of 16,000 visitors is expected, 1,100 exhibitors and a turnover of 1.1 billion dollars.
Currently, there are already two Mexican companies that will attend this year; however, the director of ITPC urged the entrepreneurs of Guanajuato and Bajio to register and attend this event.
At the end of the event, Ramon Alfaro, director of Economy of Leon, considered that the market of Indonesia is very attractive and that the challenge that Mexico has is to diversify its markets and products.
“It is a long-range vision, our city is in constant transition and we will continue to evolve into new business,” he said.
Finally, he said that state, municipal and federal governments work together to
facilitate the approach and the strategies to fulfill business opportunities.
INDONESIA PRIORITY INDUSTRIES
- Processed foods
cosmetic and medical products
- Textiles, footwear and
- Transport, electronics
and ICT equipment
- Energy and industrial
- Capital goods,
component and support industries
- Metallurgy and mining
- Oil & Gas
- Small Business: Handicrafts
- Creative industries: cinema, books, etc.
- Automotive Components
- Aerospace industry
- Food and drinks
- Furniture and crafts
- Paper Products