Chile Revealed as Vibrant Market for RI’s Auto Parts Trade

Indonesia's trade mission included a meeting between Indonesian automotive spare parts businesses and the leading Chilean auto parts importer, Mannheim, in the Chilean capital, Santiago, on Friday (5/10/2024).

Fatkhul Maskur

15 Mei 2024 - 18.28
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Chile Revealed as Vibrant Market for RI’s Auto Parts Trade

Illustration - Workers finished in making automotive components at one of the Cikarang automotive parts factories, Bekasi, West Java, Tuesday (9/20/2022)./Bisnis-Suselo-Jati.

Bisnis, JAKARTA—The Trade Ministry’s National Export Development Director General Didi Sumedi opened the Indonesia–Chile business forum in Santiago, Chile, on Thursday (5/9/2024), as part of Indonesia’s trade mission to Chile, which ran from Thursday to Friday.

Didi highlighted that the trade mission is the Trade Ministry’s effort to promote market access of Indonesian products to South America. It utilizes preferential tariffs under the Indonesia–Chile Comprehensive Economic Partnership Agreement (IC-CEPA), which has a market size of 659.3 million people, and leverages Chile as a trading hub in South America.

Didi added that the trade mission aims to encourage Indonesian businesses in the auto parts sector to become suppliers in Chile and other South American countries.

International Trade Cooperation Director General Djatmiko Bris Witjaksono, who also participated in the trade mission, said the IC-CEPA enables Indonesian products to compete in the Chilean market, increasing Indonesia's trade value.

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