Indonesia and Australia said on Wednesday
they were targeting a 36 percent rise in bilateral trade to $15 billion by
2015, and are set to launch a scheme to improve the treatment of live cattle
imports by Indonesian farmers after an outcry last year.
Indonesia
expects economic growth of around 6.5 percent this year and robust growth is
likely to continue, helped by a bounty of natural resources and an expanding
middle class.
Southeast
Asia’s largest economy has also recently been restored to investment grade
after 14 years by two rating agencies.
Trade
between the two countries currently stands at about $11 billion, said
Indonesian Trade Minister Gita Wirjawan after meeting with his counterpart
Craig Emerson in Jakarta.
“There
is no reason for us not to be able to increase that number to a much higher
number,” Wirjawan said. “The opportunity is there for both of us.”
The
countries will launch a $20 million six-year scheme aimed at training
Indonesian small farmers in cattle management, health and feeding practices.
Australia
suspended live cattle exports to Indonesia for a month last year after a video
showing cows being beaten and whipped before slaughter was aired on Australian
television.
The
footage outraged many Australians while the government response angered farmers
who said the move jeopardized Australian jobs.
Late
last month, Australia said it would investigate new images appearing to show
cattle being mistreated at an Indonesian abattoir, and could re-impose an
export ban on the slaughterhouse if it broke animal welfare rules.
Increasing
beef exports was only in Australia’s interest, said Emerson, adding that his
delegation was not in Jakarta to discuss quotas for live cattle imports.
“Gita
has told the business delegation that average beef consumption by Indonesians
is 2 kg per person [per year],” he said. “If that 2 kg could be increased to 20
kg, that would be a massive increase in total demand.”
Australia’s
beef cattle herd is some 28 million head, of which live cattle exports
represent around 800,000 head. About 500,000 go to Indonesia.
Reuters
Business & Investment Opportunities
YourVietnamExpert is a division of Saigon Business Corporation Pte Ltd, Incorporated in Singapore since 1994. As Your Business Companion, we propose a range of services in Strategy, Investment and Management, focusing Healthcare and Life Science with expertise in ASEAN. We also propose Higher Education, as a bridge between educational structures and industries, by supporting international programmes. Many thanks for visiting www.yourvietnamexpert.com and/or contacting us at contact@yourvietnamexpert.com
No comments:
Post a Comment