As members of the G20, Indonesia and Mexico played significant roles in the international forum, committing to collaborate in addressing global challenges such as climate change, food security, and sustainable development. Mexico also provided scholarship opportunities for postgraduate studies to Indonesian citizens. High-level meetings between the two countries, such as President Enrique Pea Nieto's visit to Bali for the Asia-Pacific Economic Cooperation (APEC) conference 2013, further solidified their relationship.
The bilateral relationship continued to be strengthened through various initiatives, including celebrating 70 years of diplomatic relations, guest lectures, and preparations for commemorating 70 years of bilateral relations between Indonesia and Mexico. In 2020, both countries agreed to collaborate on the economic recovery post-COVID-19 pandemic. Continuing into 2022, they cooperated in the field of Halal Product Assurance (JPH) to boost economic recovery through the halal industry, covering sectors such as food and beverages, fashion, cosmetics, pharmaceuticals, tourism, media, recreation, and financial services.
With the steadily increasing value of bilateral trade, Indonesia and Mexico have successfully created mutually beneficial cooperation. One of the impacts is the growth in trade relations between the two countries, with its value rising by 727% from 1993 to 2022. Through cross-sectoral collaboration, both nations can further deepen their ties to achieve common goals in advancing prosperity and economic development in Asia and America.
Then what exactly is the purpose and benefit of the Indonesian and Mexican b2b cooperation?
B2B cooperation between Indonesia and Mexico also encourages technology and knowledge exchange between the two countries, enabling the adoption of innovations and increased capacity of the industrial sector. Its primary goal is to create an environment that supports sustainable economic growth through increased productivity and industrial competitiveness. Through investment and technology exchanges, Indonesia and Mexico can strengthen agriculture, energy, and manufacturing sectors, opening up broader collaboration potential.
In addition, this cooperation also has a positive impact on creating jobs and improving labor skills in both countries. Transferring knowledge and skills between companies can lead to inclusive economic growth by empowering local communities. This is in line with the goal of sustainable development to reduce social inequality and improve the welfare of the people.
In a global context, B2B cooperation between Indonesia and Mexico can support free trade and strengthen Indonesia's second position in the international market. The two can face global challenges, including climate change, by developing innovative and sustainable solutions through this cooperation.
Another benefit of this B2B cooperation is establishing a solid business network between companies, creating an ecosystem that supports mutual growth. This includes product and service exchanges and creates opportunities for joint investment, joint research and development, and new market development. Thus, B2B cooperation between Indonesia and Mexico is not only about direct economic benefits but also creates a foundation for long-term mutually beneficial partnerships.
There is a considerable association between Indonesian and Mexican international relations in terms of business cooperation. Diplomatic relations between the two countries began in 1953, and they have since developed substantial collaboration in a variety of fields, particularly in science, technology, economics, and culture.
The history of high-level contacts between the leaders of both nations, official visits, and the exchange of economic strategies demonstrates a tight diplomatic partnership. In the international arena, these ties demonstrate not only political issues but also how economic involvement between states may serve as a foundation for stronger international relations.
Business-to-Business (B2B) collaboration, which involves the exchange of goods and services, investments, and technology transfers between enterprises in both countries, is an important tool in the development of bilateral economic relations. With increasing trade value, Indonesia and Mexico work together to achieve economic prosperity and shared development.
