Indonesian Political, Business & Finance News

S'pore, Riau promote ties

| Source: AFP

S'pore, Riau promote ties

SINGAPORE (AFP): Singapore has agreed to promote cooperation
in agri-business projects in Indonesia's Riau province, officials
from both countries said Wednesday.

Singapore Trade Minister George Yeo and Riau provincial
Governor Saleh Djasit said in a statement they discussed ways to
promote cooperation in the sector during a visit by Yeo to Riau
on Tuesday and Wednesday.

"One such area could be to promote private sector cooperation
in agri-business, with a focus on food production," the statement
said.

Singapore and Riau will establish a vegetable packaging and
processing centre in Pekanbaru which is expected to be a
"catalyst" to attract further private sector investment in agri-
business.

Singapore, a small but affluent island republic, imports 90
percent of its food.

Both officials also "discussed the development of water
resources in Riau for long-term supply to Singapore" which
currently sources part of its water needs from Malaysia.

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