Text
Indonesia strategic industry: paving the way to Bangladesh market
Economic diplomacy has become a vital aspect in Indonesia’s foreign policy which among others involves collaboration between Government and state-owned enterprises. Given the notable progress in Indonesia’s strategic industries, there is a growing imperative to expand and solidify their presence into the promising Bangladesh market.
Several aspects will be addressed in the discourse on expanding Indonesia’s strategic industries to Bangladesh. These include the untapped market potential, pre-existing cooperation between Indonesia and Bangladesh, strategies, the increasing awareness, opportunities, and challenges
This paper attempts to present analytical exposure of possible scenarios that may occur, for Indonesia c.q. the Ministry of Foreign Affairs to construct its economic diplomacy strategy in ensuring the expansion of Indonesia’s strategic industries to Bangladesh. This paper argues that Bangladesh as Indonesian non - traditional market holds a significant potential for Indonesia’s strategic industries. Therefore, it is crucial for Indonesia’s government to take extra measures in grasping the potential. Scenario planning analysis is used to identify two critical uncertainties, the Bangladesh political stability and the open competition in the international market. This paper argues that in ideal conditions where there is political stability and fair and open competition in international markets, the Indonesian government must adopt aggressive policies. This strategy will ensure that Indonesia is able to achieve maximum benefits.
| 2023-0050 | Sesparlu 73-2023 | Training Materials Repository | Tersedia |
Tidak tersedia versi lain