Brazil to improve business ties with RI
Brazil to improve business ties with RI
JAKARTA (JP): Brazil expects to increase economic ties with
Indonesia in line with the country's strategy to boost economic
cooperation with Asian countries, the country's ambassador to
Indonesia Jadiel Ferreira De Oliveira said yesterday.
"Cooperation with Indonesia can be in the form of anything
that suits Indonesia -- investment, export and import, or
technology transfer," De Oliveira said.
He said the two country's trade balance had been in favor of
Brazil, and he expected Indonesian exports to Brazil would
further increase to about US$300 million this year, up from about
$234 million last year.
Brazil's exports to Indonesia reached about $410 million last
year, including the cost of insurance and freight.
Major Indonesian export commodities to Brazil include copper
ore and concentrate, sound recorders or reproducers, footwear,
natural rubber or latex, fixed vegetable fats and oils, and
textile yarn.
Brazil's exports to Indonesia include feed for animals, iron
and steel, iron ore and concentrate, pulp and waste paper, sugar,
molasses, honey, petroleum products and motor vehicle parts.
De Oliveira said Brazilian businesses also had their eye on
Indonesia for investment. For example, the country expected to
cooperate with the Salim Group to produce irrigation equipment.
"We also hope to produce natural rubber in Brazil using
capital and technology from Indonesia," he said, adding that
Brazil now imported about 100,000 tons of natural rubber from
Indonesia.
As part of its trade mission in Asia, Brazil will hold a
seminar regarding trade and investment in Jakarta on Oct. 30.
Five Brazilian specialists on trade and investment will talk
about areas open for investment at the seminar to be held at the
Hilton.
The seminar is part of the Brazilian trade mission in Asia,
which will be highlighted by the upcoming Expo Brazil Asia in
Singapore from Oct. 28 to Oct. 31. Forty-six major Brazilian
companies will participate in the Expo. (das)