April 01, 2016

01/04/2016: Opportunities in Indonesia

https://issuu.com/gfmt/docs/mag1602_w1/32

by Chris Jackson, Export Manager UK TAG

First published in Milling and Grain, February 2016


In these columns I have written before about Indonesia, but I make no apologies for doing so again from a UK perspective. It was the first Asian country that our newly elected Prime Minister visited in 2015 and very soon their President will make his first State Visit to our country. These very high profile visits reiterate the importance given by us to trade between our two countries.

Indonesia is widely regarded as a politically stable, democratic country with a population of over 250 million people, 84 million of whom are now rated as middle class and having disposable incomes for luxury goods. With a trillion dollar economy it is the largest in SE Asia and ranked tenth in the world.

And with over 60 percent of its population of working age and young who are enthusiastically embracing all new technology and becoming more urbanised. The challenge for our agri and aquaculture industries allied with food production and safety must be to help them develop their industries.

Agriculture is a vital sector with food security a priority to meet the population’s needs and to help its economy by increasing its exports. It already accounts for 15 percent of GDP; the third largest after hydrocarbons and manufacture Indonesia is seeking to move its agricultural and aquaculture industries further up the value chain and is trying to attract foreign investment, technology and innovation from global companies.

Read the full article in Milling and Grain HERE.   
 

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