Within the framework of the Indonesia – Latin America and Caribbean Business Forum which will take place on 14-15 October 2021, a Letter of Intent on the establishment of Indonesia – Latin America and Caribbean Business Network has been signed by the Instituto Boliviano de Comercio Exterior or IBCE which is a Bolivian Private Institute. for foreign trade. This letter is an initiative from the Indonesian Chamber of Commerce and Industry to establish connections with business networks from Latin America and the Caribbean.
Taking place virtually, the letter was signed directly by the President of IBCE, Demetrio Soruco Henicke, and the Indonesian Ambassador to Peru and Bolivia, Marina Estella Anwar Bey, as witnesses.
IBCE is a Bolivian Private Institute whose function is to promote the growth of Bolivia’s trade in both exports and imports by providing market data information, trade and investment opportunities, studies related to commodities, trade agreements, including challenges or obstacles in terms of doing business with Bolivia. IBCE is headquartered in Santa Cruz, Bolivia’s second largest city which is also Bolivia’s business center. Founded in 1986, IBCE’s board of directors consists of some of the very large Business Bodies in Bolivia such as the Agricultural Chamber of the East (CAO), Chamber of Industry, Commerce, Services and Tourism of Santa Cruz (CAINCO), Chamber of Exporters of Santa Cruz (CADEX), and the Bolivian Forestry Chamber (CFB).
In her remarks, the Indonesian Ambassador to Lima expressed his appreciation to IBCE for its interest in the Indonesian market and commitment to being part of the INALAC Business Network. It is hoped that the signing of the LoI document can be the first step to improve connections between Bolivian and Indonesian businessmen. The President of IBCE also said that his party was very interested in doing business with Indonesia. Not only to promote exports, but also to help introduce Indonesian products to the Bolivian market.