Analyst Says Indonesia’s Capital Market Can Be A Blessing From The Russo-Ukrainian War

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Analyst Says Indonesia's Capital Market Can Be A Blessing From The Russo-Ukrainian War

BANYUWANGI – The NSLIC/NSELRED Project, a collaboration between the Governments of Canada and Indonesia, Monday (7/3/2022) today, organized an online International Business Meeting as part of the NSLIC Access to Market program.

The purpose of this first business meeting in 2022 is to open international access for micro and small businesses by bringing together Indonesian coffee SMEs with buyers from Canada, Germany and the Philippines in additional digital chat rooms.

This cost-effective virtual approach focuses on SMEs who do not have the means to go overseas to sell their commodities and products globally especially during the Covid-19 pandemic.

Richard Le Bars, representative of the Canadian Ambassador to Indonesia, said that Canada appreciates the success of local coffee producers in penetrating the international market today.

“Through the intensive training, coaching and facilitation provided by the Canadian-funded NSLIC project for micro and small businesses from East Java, Yogyakarta and Bali, we saw the quality and quantity of their products increase to meet international standards and demands,” said Richard Le Bars. .

It would like to thank private sector partners BNI and Sarinah, for their strong collaboration in bringing their expertise in export facilitation and links to international markets to benefit these local producers.

“We hope that the partnership that started today will last a long time and benefit the local communities and businesses involved,” he said.

The 2022 Ijen International Business Meeting involved 2,196 coffee farmers who are members of 11 different business groups from East Java (Banyuwangi, Bondowoso, Situbondo), Bali and Yogyakarta.

With a total land area of ​​more than 9,000 hectares.

The types of coffee that will be promoted include Arabica, Robusta, Ekselsa, and Liberika with processing.

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