Sunday, 21 April 2019 | 19:13 WIB

BI Supports Market Access to Indonesian Coffee Export

BI Supports Market Access to Indonesian Coffee Export (harianmercusuar)

JAKARTA NETRALNEWS.COM - Bank Indonesia (BI) supports access to export commodity markets, particularly coffee commodities, which are one of Indonesia's leading commodities, in order to support the improvement of Indonesia's export performance.

This support was realized through the presence of MSMEs assisted by Bank Indonesia from various regions in Indonesia to participate in the Cafe Asia Expo on March 21-23 2019 in Singapore which was attended by more than 154 exhibitors from 25 countries.

The presence of the Bank Indonesia-assisted MSMEs is the result of the collaboration between Bank Indonesia and the Trade Attache, the Indonesian Ministry of Trade and the Indonesian Embassy in Singapore.

Cafe Asia Expo 2019 is a media showcase for introducing authentic Indonesian coffee, especially those produced by Bank Indonesia assisted MSMEs to the world community.

In this case Singapore is seen as having the potential as an end user and coffee commodity market hub.

The steps of Bank Indonesia to present MSMEs in the international arena as part of Bank Indonesia's efforts to help MSME players can market their products directly to foreign buyers, and connect coffee MSMEs with larger coffee business actors (exporters) so that the Indonesian coffee market will be wider.

"In addition, the expo is also a medium of dialogue for MSME players to obtain input regarding the demand for the world coffee market so that the products produced can be accepted by various entrepreneurs and connoisseurs of the world coffee," BI said in an official statement in Jakarta, Saturday (03/23/2019).

Going forward, Bank Indonesia will continue to encourage coffee SMEs supported by Bank Indonesia to be able to continue to improve product quality so that it can be accepted by the global market, which in turn will be able to increase foreign exchange and play a role in efforts to reduce the current account deficit.