The Promotion of Indonesia-Bolivia Business Opportunities

La Paz, Bolivia: The Indonesia-Bolivia trade relations in the last decade have not shown significant potential. Although Indonesia had always experienced surplus value of its trade, there was a strong will from Indonesian businessmen to create increased and mutually beneficial business relations with Bolivia. This was the main discussion between the Indonesian Ambassador to Lima and Bolivia, Mrs. Marina Estella Anwar Bey and the President of Bolivian Chamber of Commerce (Camara Nacional de Comercio de Bolivia/CNC), Marco Antonio Salinas, and CNC Vice-President Rolando Kempff Bacigalupo on 18 December 2018, at Circulo de la Union meeting house, La Paz.

CNC as the representative of the Bolivian businessmen community opened themselves to cooperate, especially in the field of trade with all countries, regardless of the limitations of political interests. The view expressed by the CNC President was a response of Bolivian businessmen to Bolivia's national conditions in the last 10 years that tended to be closed for economic cooperation with other countries. Therefore, CNC appreciated the visit of the Indonesian Ambassador to Lima and considered the importance of good relations and communications with foreign representatives in encouraging the realization of cooperation between businessmen's associations of the two countries, especially in disseminating regularly the potential information and opportunities for business cooperation.

Both parties realized that good relations with businessmen's association were the access to realize bilateral cooperation in a wider scope. Related to this, the Indonesian Ambassador said that the ease for obtaining visas was highly expected especially by Indonesian businessmen who were interested in developing trade and investment in Bolivia. In this regard, CNC has also formally expressed it to the Bolivian Ministry of Foreign Affairs.

Bolivia has a variety of potential cooperation, especially in the field of trade and investment that are still open. Some of the Bolivia's featured export products are among others soybeans, mining products (iron, zinc, lithium), quinoa, beef and wood products. While in the investment field, there are opportunities for cooperation to develop energy projects, construction and hospitals, through government funding schemes.

On the sidelines of the meeting with CNC, the Indonesian Ambassador to Lima awarded Primaduta Award 2018 for the category of prospective market to one Bolivian businessman, i.e. Huarita Pinedo Freddy, who has imported motorized vehicle batteries made in Indonesia. The award was given in a simple event and closed with a luncheon with CNC and Bolivian businessmen who participated in the 33rd Indonesia Trade Expo.

The recipient of Primaduta Award 2018 expressed his high gratitude and appreciation to the Government of Indonesia for the award given as a company partner in Indonesia that participated in developing trade cooperation between Indonesia and Bolivia. Huarita Pinedo Freddy has imported “GS" and “Incoe" motorized vehicle batteries from PT. Astra Otoparts Tbk. for more than the last 14 years. During this period, Huarita Pinedo Freddy has recorded a fairly good sales value, even reaching US$ 1 million in 2015. Some time ago, PT. Astra also gave an award to Huarita Pinedo Freddy for achieving targeted sales and an appreciation worth US$ 17 thousand. (Indonesian Embassy in Lima)