Kamis, 18 April 2024|Jakarta, Indonesia

Cooperatives and SMEs Minister: ASEAN Weekend Market Aims to Promote MSMEs’ Products

Nata Kesuma

Senin, 04 September 2023 - 20:15 WIB

Cooperatives and SMEs Minister is accompanied by Chairperson of ASEAN-BAC Arsjad Rasjid during the inauguration of ASEAN Weekend Market, Friday (09/02). (Photo by: PR of Cooperatives and SMEs Ministry)
Cooperatives and SMEs Minister is accompanied by Chairperson of ASEAN-BAC Arsjad Rasjid during the inauguration of ASEAN Weekend Market, Friday (09/02). (Photo by: PR of Cooperatives and SMEs Ministry)


 ASEAN Business Advisory Council (ASEAN-BAC) collaborated with Indonesia’s Chamber of Commerce and Industry (KADIN) held ASEAN Weekend Market at Senayan Function Hall, Jakarta. As a part of the series of the 43rd ASEAN Summit programs, the event is held during the weekend, from September 1 to 3, 2023.

Minister of Cooperatives and Small and Medium Enterprises Teten Masduki appreciated the organization of ASEAN Weekend Market which is deemed to give real contribution in opening the opportunities for micro, small, and medium enterprises (MSMEs) to get a wider market access, especially in the ASEAN region.

“I think this event is very important to promote MSMEs’ products in ASEAN,” Teten said at the inauguration of ASEAN Weekend Market, Friday (09/01).

With population reaching 679 million, ASEAN has a big market potential. To optimize the potential, Teten expressed belief that ASEAN needs to increase competitiveness for the benefit of domestic and regional economic growth.

“So, according to the theme of Indonesia’s chairmanship in ASEAN, namely ‘Epicentrum of Growth’, ASEAN should unite, strengthen collaboration and support local and regional products to make ASEAN a center of global production whose products can dominate globally,” he said.

In addition, Teten explained that ASEAN also needs to boost digital ecosystem for MSMEs starting from enhancing digital literacy, equal playing field in e-commerce, preventing predatory pricing, to providing easy financial access based on transaction record for credit scoring.

Indonesia’s chairmanship in ASEAN, Teten added, can serve as a momentum for cooperatives and MSMEs to adapt to strategic issues, such as MSMEs digital transformation, and a business model adopting production transition to be environment-friendly and sustainable by using renewable energies.

“Furthermore, this opportunity can serve as a common effort to boost MSMEs in enhancing market access and entering global supply chain, especially in ASEAN region,” he affirmed.

Meanwhile, Chairperson of KADIN Arsjad Rasjid who also helms ASEAN-BAC mentioned that ASEAN Weekend Market sells various MSMEs’ products in ASEAN, such as fashion, handicrafts, food, and so on.

“This event shows the uniqueness and diversity of ASEAN cultures,” Arsjad highlighted, adding that the exhibition is a momentum for appreciating the MSMEs actors who have been working hard in supporting ASEAN’s economic growth.

“MSMEs are the backbone of the economy of Indonesia and probably in other ASEAN countries,” Arsjad remarked.


Berita Lainnya

Business 28/02/2024 13:01 WIB

Carsurin and NBRI Strengthen Strategic Alliance to Propel Indonesia’s EV Industry

PT Carsurin Tbk ("Carsurin") and the National Battery Research Institute ("NBRI") are pleased to announce the signing of a pivotal Strategic Alliance Agreement (SAA), marking a significant advancement…

Economy 21/02/2024 08:38 WIB

Bapanas Head Ensures Availability of Rice Stock Ahead of Ramadan

The National Food Agency (Bapanas) has ensured the availability of rice for the fasting month of Ramadan and Eid al-Fitr 1445 Hijri/2024 CE.

Sport 21/02/2024 08:20 WIB

Receives Chairman of Jababeka (KIJA), Menpora Dito Ready to Support the Development of Sports SEZs

Chairman of PT Jababeka Tbk (KIJA), Setyono Djuandi Darmono met the Minister of Youth and Sports of the Republic of Indonesia (Menpora RI) Dito Ariotedjo at the Kemenpora RI Office, Senayan, Jakarta,…

Business 21/02/2024 08:16 WIB

Jababeka (KIJA) Targets Marketing Sales of IDR 2.5 Trillion in 2024

PT Jababeka Tbk (KIJA) is targeting pre-sales revenue or marketing sales of IDR 2.5 trillion in 2024. According to the information disclosure of the Indonesia Stock Exchange on Tuesday (13/2), IDR 1,150…

World 19/02/2024 17:38 WIB

The Indonesian Embassy in Cairo Receives Aid for Palestine

Cairo, Egypt - The Indonesian Embassy in Cairo welcomes the Radjiman Wedyodiningrat Warship (RJW-992) which arrived at the Al Arish Port, North Sinai Province of Egypt at 8.00 A.M. Cairo local time (13/02).…