Wednesday, December 08, 2021

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Cuba promotes business opportunities in Indonesia

Cuba promotes business opportunities in Indonesia

Havana, Oct 15 (Prensa Latina) Cuba offers opportunities in several sectors to promote beneficial economic ties to multiple companies, said today the president of the Chamber of Commerce of the island, Antonio Carricarte,
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The executive intervened by videoconference in Panel IV dedicated to the theme ‘Business and investments after the Covid-19 pandemic’ of the Indonesia-Latin America and the Caribbean Business Forum (INA-LAC) held face-to-face in virtual format.

The event provided an opportunity for the business community, government officials, among others, to explore ways of concrete economic cooperation, Carricarte told Prensa Latina.

The panel discussed the main changes in the business environment and investment climate in Indonesia, Latin American and Caribbean countries.

In statements to Prensa Latina, the president of the Cuban Chamber of Commerce said that the Forum evaluated and promoted the opportunities ‘that exist in our region for Indonesian companies both in trade and investment’.

We presented in particular,’ he added, ‘the benefits offered by Cuba’s national economic development program until 2030 in a number of sectors.

Specifically, he outlined Cuba’s efforts to increase food production and processing, to increase oil exploration and extraction, ‘and there may be opportunities for Indonesian companies in the cultivation of coffee, coconut and the processing of its derivatives,’ he said.

He noted that within the framework of the event he signed a letter of intent to incorporate Cuba into a digital platform designed to promote business and trade between Indonesia, Latin America and the Caribbean.

Carricarte considered that the INA-LAC Business Forum is ‘ a very important initiative at this time to boost trade links between Latin America and the Caribbean with Indonesia and possibly with other countries’.

The organizers conceived it from a regional approach, and this is very positive because it can help to build inter-regional integration and to build joint chains with Indonesian companies and other Southeast Asian nations, he said.

Despite the distance, he estimated that there are opportunities in a group of sectors in which Indonesia has achieved a high level of development, such as energy, construction and food processing. ‘It is an initiative worth promoting,’ the executive concluded.

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