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Webinar on “Doing Business in Kuwait”

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Photo: Indonesian Embassy in Kuwait

The Indonesian Embassy in Kuwait City in collaboration with the Indonesia-Kuwait Business Council (IKBC) and the Kuwait-Indonesia Business Council (KIBC) has held a business meeting of Indonesian and Kuwaiti entrepreneurs in the “Doing Business in Kuwait” Webinar forum on Monday, 26 October 2020.

This collaboration is the second time during the Covid-19 pandemic as part of the efforts to support and facilitate the Indonesian Embassy in Kuwait City for Indonesian businessmen who intend to expand their business in Kuwait. This webinar also provides an opportunity for Indonesian entrepreneurs, especially Micro, Small and Medium Enterprises (MSMEs) to gain knowledge regarding the types of products they are interested in, import regulations and practical information on doing business in Kuwait.

The invited speakers were successful and experienced business players in their fields, namely IKBC, KIBC, importers of Indonesian products in Kuwait and representatives from Indonesian MSME entrepreneurs. The Indonesian Ambassador to Kuwait, Tri Tharyat, said that the Covid-19 pandemic was not an obstacle to continue working and expanding the business of Indonesian entrepreneurs. However, to be successful in business, it is necessary to understand the climate of doing business in other countries. Chairman of KIBC, Mr. Saheeb S. Khajah expressed his willingness to prepare a special communication forum with Indonesian entrepreneurs to distribute Indonesian product offerings to Kuwait. Mr. Hendra Turman, as Chairman of IKBC, expressed his support for holding this webinar and in the future a virtual interactive exhibition will be prepared.

One of the importers of Indonesian products, Mr. Kazeem Yodollah from World Sweet Central Company Kuwait, importer of PT. Mayora tbk and PT. Nabati, delivered a detailed description of Kuwait’s import standards and regulations. He also said that as a member of the GCC, Kuwait follows the import regulations in accordance with the GCC Standardization Requirement. CEO of Business Forum Indonesia, Jahja B. Soenarjo, was a panelist who responded and conveyed views and questions from Indonesian entrepreneurs and MSMEs. With this potential, Indonesian entrepreneurs open the door if there is an offer of cooperation or investment from Kuwait to increase export production in various sectors.

One of the Indonesian coffee exporters (Calderra Coffee), who is currently preparing the first shipment of specialty coffee to Kuwait, also conveyed several things during the question and answer session. Calderra Coffee is one of the entrepreneurs that the Indonesian Embassy in Kuwait facilitated during the pandemic to find business partners in Kuwait.

In the current state of the Covid-19 pandemic, the opportunity to export Indonesian products to Kuwait is still wide open, including products in the health sector such as masks etc. To be able to enter the Kuwaiti market, Indonesian exporters need to pay attention to Export requirements, which are basically the same procedures as other GCC country standards.

This webinar is the second Indonesia-Kuwait business forum in 2020. The first Business Forum was held in June with IKBC and KIBC. To support the increase in the value of trade between Indonesia and Kuwait, the Indonesian Embassy in Kuwait City always facilitates and continues to encourage the expansion of Indonesian exporters’ business to Kuwait.

Source : kemlu.go.id

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