The Indonesia – South and Central Asia (INASCA) Business Forum 2024
The Indonesia – South and Central Asia (INASCA) Business Forum 2024 is poised to be a landmark event, bringing together businesses, entrepreneurs, and officials from Indonesia and the South and Central Asia region. This flagship program is designed to promote economic collaboration, showcase business opportunities, and facilitate strategic partnerships. Its primary objective is to encourage market diversification among businesses and unlock the untapped potential for million-dollar transactions. It aims to enhance Trade, Tourism, and Investment between Indonesia and South and Central Asia countries.
A Nexus of Opportunity
The South and Central Asia region, comprising an impressive population of approximately 2.1 billion, serves as a pivotal nexus where politics, economics, and rich cultural diversity converge. With a combined GDP exceeding USD 5.2 trillion, this region is a goldmine of economic potential waiting to be harnessed.
Indonesia holds significant potential in the realms of trade, tourism, and investment. As the world's fourth-most populous country, it boasts a burgeoning consumer market, attracting foreign investors seeking growth opportunities. The archipelago's strategic location along key trade routes has made it a vital player in global trade, with its exports, including commodities like palm oil, rubber, and textiles, contributing to a robust economy. Furthermore, Indonesia's diverse culture, stunning landscapes, and vibrant cities make it an alluring destination for tourists, with over 16 million visitors in 2019 alone. To unlock its full potential, Indonesia is actively promoting infrastructure development and regulatory reforms to attract more foreign investment, further diversify its exports, and boost its tourism industry, setting the stage for a promising future.The INASCA Business Forum acts as the gateway to this thriving economic landscape.
Flourishing Economic Ties
The economic ties between Indonesia and South and Central Asia have seen remarkable growth, with a total trade volume surpassing USD 43.5 billion in 2022. Indonesia also extended a warm welcome to 312,166 tourists from the region, strengthening cultural exchange and tourism. Additionally, investments have crossed noteworthy milestones, with a significant investment figure of USD 142,000. These statistics underscore the robust relationship between Indonesia and the South and Central Asia region.
A Vision of Collaboration
Building on the progress and achievements in economic relations, the Ministry of Foreign Affairs of the Republic of Indonesia is thrilled to announce the inaugural INASCA Business Forum, scheduled to take place in the third quarter of 2024. This event is set to be a game-changer, aligning with the rapidly evolving business landscape.
Hybrid Approach for Inclusivity
INASCA Business Forum 2024 will be a hybrid event, offering both physical and virtual participation options. Through the INA-ACCESS digital platform, we aim to foster collaboration, create a dynamic environment for business stakeholders, and ensure that geographical boundaries do not limit opportunities. This innovative approach underscores our commitment to inclusivity.
What to Expect
The INASCA Business Forum 2024 promises an array of exciting opportunities for attendees, including:
- Engaging Business Panel Discussions: Explore industry trends, market insights, and expert opinions through panel discussions that delve into the most pertinent business topics.
- Dynamic Business Pitching and Matching: Entrepreneurs and businesses will have the opportunity to showcase their innovative ideas, products, and services, paving the way for fruitful partnerships.
- Vibrant Business Hub in Networking Events: Network with key players, forge new alliances, and exchange ideas in a dynamic and inclusive business hub.
Join the Journey
We invite you to join us at the INASCA Business Forum 2024 and embark on a journey of collaboration, growth, and opportunity. Stay tuned for more details on this exciting event, and be prepared to seize the immense possibilities that await in this diverse and vibrant region. Together, we can shape the future of business between Indonesia and South and Central Asia.
For further inquiries, please contact us at dit.asselteng@kemlu.go.id or the Indonesian Embassies/Consulates in your region. Please visit https://ina-access.com/trade for Indonesian companies’ profiles.