Asia-Pacific triangle business project
Asia-Pacific triangle business project
In the arena of global trade, which is increasingly becoming a
"world without frontiers", the importance of cross-border, or
multilateral trade, in relationships cannot be overlooked.
Austrade believes that there are a myriad of benefits to be
obtained for all parties from the development of "triangle
business" between three major players in the Asia-Pacific Region
such as Australia, Japan and Indonesia.
Australia's trade relationship with Indonesia was estimated at
A$4.3 billion last year, and is currently growing at an annual
rate of 30 percent. Accumulated investments from Australia now
stand at over A$6 billion.
Japan, on the other hand, has made a significant contribution
to the development seen in Indonesia today. It is estimated that
there are as many as 1,000 Japanese companies with representation
in Indonesia, and accumulated investment from Japan currently
stands at over US$30 billion. Moreover, Japan has been
Australia's top export market for 26 years, and this is also an
important measure of the depth of their relationship.
Against this background, Austrade's message to Australian
firms is simple, "look next door" to find new relationships with
Japanese firms who may be a major ally for developing new
business in Indonesia.
To Japanese and Indonesian firms, Austrade encourages them to
"look down under" and find a new source of people, products, and
technology in Australia.
Since Elizabeth Masamune, the trade commissioner for Japan in
Southeast Asia, arrived at Austrade Jakarta, she has successfully
generated projects worth over $300 million, across industry
sectors such as housing, transportation equipment, construction
infrastructure and specifically with the realization of a large
coinvestment by an Australian company with a Japanese trading
house in an IPP power plant project in eastern Indonesia.
Other projects in the pipeline include the supply of ships and
laboratory equipment, using Japanese aid financing, and a variety
of industrial input supply projects for Japanese manufacturers,
ranging from specialty chemicals and agricultural equipment to
pearl diving equipment and boats.
Austrade also recently conducted a highly successful business
networking event on June 26, Look Dow Under!
Australia/Japan/Indonesia Triangle Business Networking Forum,
which was heavily supported by the Jakarta-Japan Club, and
attended by over 270 businesspeople from all three nations.
It is clear that after 15 months of groundwork, the
possibilities for Australian companies to develop new business
with Japan in Indonesia are expanding rapidly.