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Russian business enters Indonesia market

March 12, 2019

    On March 12, a delegation of Russian business led by the President of the Russian Chamber of Commerce and Industry Sergey Katyrin visited Indonesia with a view to establishing bilateral contacts.

    The Russia-Indonesia Business Dialogue event was attended by the Russian Ambassador to Indonesia Lyudmila Vorobyova, heads of the Business Council for Cooperation with Indonesia, the Russia-ASEAN Business Council, representatives of a number of territorial chambers of commerce and industry of Russia, as well as Russian companies, in particular, an electronic trading platform

    The event began with a welcoming speech from officials of Indonesia and Russia. Sergey Katyrin and the head of the Indonesian Chamber of Commerce and Industry Rosan Perkas Ruslani stressed the need to expand cooperation between the two countries in the field of trade and investment. In particular, the goal was to increase mutual trade turnover to $ 5 billion.

    In the afternoon, invited Indonesian colleagues invited to the event got acquainted with the presentations of Russian companies, as well as the investment potential of Russian regions.

    Irina Ipatova, Executive Director of Global Rus Trade, presented B2B e-commerce platform and its opportunities for cross-border trade. Marketplace allows companies to enter new markets, find trusted suppliers from around the world and negotiate a deal in a multilingual chat, reducing financial and time costs. Global Rus Trade analyst Anna Solovyova presented the project in the framework of the Russia-ASEAN dialogue partnership “Marketplace of cross-border B2B trade for SMEs from ASEAN countries and Russia”. The goal of the project is to simplify the entry of small and medium-sized companies to foreign markets. All interested persons were invited to take part in the project study and the final event on the results of the project.

    The discussion continued in the format of B2B meetings and free communication of Indonesian and Russian business circles. As part of the project study, Global Rus Trade interviewed Indonesian companies, the purpose of which was to study the needs and wishes of exporters and importers for electronic trading platforms. As a result of the interview, it turned out that Indonesian entrepreneurs are experiencing difficulties in finding information about the conditions for entering the Russian market, about the legal and cultural aspects of doing business in Russia. It is these barriers that hinder the development of trade between countries. However, they can be minimized through electronic commerce tools.

    Having completed its work in Indonesia, the delegation continued the business mission in Vietnam.