Indonesia Market Essay Example | Topics and Well Written Essays - 2000 words

Indonesia Market - Essay Example ncial crisis through debt restructuring, the sale of some state-owned assets, the recapitalization of the commercial banking sector, the improved supervision of the capital market, and increased investments in public infrastructure. The gross domestic product grew by 4.5 per cent in 2003, 5.1 per cent in 2004, 5.6 per cent in 2005, 6.0 per cent in 2006, and 6.3 per cent in 2007. In 2006 the Indonesian government announced a package of policy reforms to improve its investment climate by means of strengthening investment services, harmonizing regional and central government regulations, and improving customs, excise and taxation services, among others. With moderate economic growth in recent years, domestic consumption has continued to account for nearly 2/3 of the GDP, followed by investment for more than l/5 and exports for l/10. With the targeted GDP growth of 6.6 per year up till 2009, the government expects to push Indonesia to recover thereafter to its pre-crisis annual average growth rates of close to 10 per cent.. Indonesia has been chosen as target export market for US soybeans in view of several factors. It has a big population of low and middle-income consumers who have traditionally depended on cheap soybean protein side-dish for nutrition; the countrys production of soybeans has accounted for less than 50 per cent of its consumption, and the price per ton of soybean imports from several producing countries have roughly doubled during the past several months. There is therefore an unfilled demand for this agricultural product which can be supplied through the produce from US farms, and even from partial sourcing from other South American countries to be subsequently exported. The soybean (scientific name Glycine max) is a leguminous plant known for its nutritious seeds which contain 40 per cent protein and 21 per cent oil. It is an important source of vegetable protein and oil for human (and animal) consumption as well as for industrial