Chile could be the door for Indonesia's agricultural exports to Latin America

Published Jun 7, 2021

Tridge summary

Indonesia and Chile are looking to extend their agricultural trade cooperation, with Indonesia hoping to use Chile as a hub for agricultural exports to other Latin American countries. The trade balance between the two countries was around USD 800 thousand in 2020, with Indonesia's main exports to Chile being palm oil products, veterinary drugs, pineapple, coconut, and other plantation products. The Indonesian government is planning to sign a memorandum of understanding on trade in agriculture with Chile and is also considering creating farming clusters in East Kalimantan to increase exports to Chile.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Liputan6.com, Jakarta Deputy Minister of Agriculture (Wamentan) Harvick Hasnul Qolbu assessed that the extension of trade cooperation in agriculture with Chile would be an opportunity to develop export markets in the Latin American market. This is because Chile, which is located on the west coast of Latin America, is the entry point for Indonesian agricultural commodity exports through the South Pacific Ocean. "We hope that Chile will become a hub. Because along the coastline of Latin America it is Chile. So we hope that Chile will play an important role in Latin America so that it can continue to expand to Brazil and other Latin American countries," said Harvick during a meeting with the Deputy Minister of Foreign Trade. Chile at the Central Office of the Ministry of Agriculture, Jakarta, Monday (7/6/2021). For the record, the trade balance between Indonesia and Chile in 2020 is a surplus of around USD 800 thousand. The total value of trade in the agricultural sector between the ...

Source: Liputan6