Asia-Pacific triangle business project<\/p>\n
In the arena of global trade, which is increasingly becoming a
\n\"world without frontiers\", the importance of cross-border, or
\nmultilateral trade, in relationships cannot be overlooked.
\nAustrade believes that there are a myriad of benefits to be
\nobtained for all parties from the development of \"triangle
\nbusiness\" between three major players in the Asia-Pacific Region
\nsuch as Australia, Japan and Indonesia.<\/p>\n
Australia's trade relationship with Indonesia was estimated at
\nA$4.3 billion last year, and is currently growing at an annual
\nrate of 30 percent. Accumulated investments from Australia now
\nstand at over A$6 billion.<\/p>\n
Japan, on the other hand, has made a significant contribution
\nto the development seen in Indonesia today. It is estimated that
\nthere are as many as 1,000 Japanese companies with representation
\nin Indonesia, and accumulated investment from Japan currently
\nstands at over US$30 billion. Moreover, Japan has been
\nAustralia's top export market for 26 years, and this is also an
\nimportant measure of the depth of their relationship.<\/p>\n
Against this background, Austrade's message to Australian
\nfirms is simple, \"look next door\" to find new relationships with
\nJapanese firms who may be a major ally for developing new
\nbusiness in Indonesia.<\/p>\n
To Japanese and Indonesian firms, Austrade encourages them to
\n\"look down under\" and find a new source of people, products, and
\ntechnology in Australia.<\/p>\n
Since Elizabeth Masamune, the trade commissioner for Japan in
\nSoutheast Asia, arrived at Austrade Jakarta, she has successfully
\ngenerated projects worth over $300 million, across industry
\nsectors such as housing, transportation equipment, construction
\ninfrastructure and specifically with the realization of a large
\ncoinvestment by an Australian company with a Japanese trading
\nhouse in an IPP power plant project in eastern Indonesia.<\/p>\n
Other projects in the pipeline include the supply of ships and
\nlaboratory equipment, using Japanese aid financing, and a variety
\nof industrial input supply projects for Japanese manufacturers,
\nranging from specialty chemicals and agricultural equipment to
\npearl diving equipment and boats.<\/p>\n
Austrade also recently conducted a highly successful business
\nnetworking event on June 26, Look Dow Under!
\nAustralia\/Japan\/Indonesia Triangle Business Networking Forum,
\nwhich was heavily supported by the Jakarta-Japan Club, and
\nattended by over 270 businesspeople from all three nations.<\/p>\n
It is clear that after 15 months of groundwork, the
\npossibilities for Australian companies to develop new business
\nwith Japan in Indonesia are expanding rapidly.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/asia-pacific-triangle-business-project-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}