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Timur Abimanyu,SH.

MH

Retail giants Korea Republic of Indonesia Promote 52 Products

YouTube - Asia's largest retail company from South Korea, Lotte Mart, looking to buy about 52 species of Indonesian products. Those products will initially be exhibited in Korea, then sold at Lotte Mart stores worldwide. "We'll take it to Korea first, see the market there, has sold all over the world," said Lotte Mart Managing Director South East Asia, Young Pyo Moon, after the business forum on Indonesian Product Exhibition for Korea's Lotte Mart in the Auditorium of the Ministry of Trade, Jakarta , Friday, September 23, 2011.Products that will be selected, continued Young Pyo, will be promoted at two outlets greatest in promotional activities in Seoul, the Seoul Station and Lotte World in Jamsil-ASEAN framework Week event on 3-6 November.

Young Pyo said had lived in Jakarta for three years, and when he found the quality goods, so he plans to pick the goods brought to Indonesia to Korea. When the good stuff will be distributed worldwide through a network of Lotte Mart. To select items of Indonesia, said Young Pyo, Lotte Mart has two standards. First, choose the items that the Koreans also understand the culture of Indonesia. "We not only Indonesia will import goods into Korea, but will bring the culture of Indonesia too," he said. Second, continued Young Pyo, Lotte Indonesia will select a quality product that could get into his shop. "We will prove, we are not only business in Indonesia, but also will bring Indonesian products to the world, certainly qualified," he said. Young Pyo hope, not only this time they can work together with Indonesia, but also in the future. "It would be routine in the years ahead," he said. Meanwhile, Director General of Export Development, Ministry of Trade, Hesti Beautiful Kresnaini, said it could successfully penetrate the Korean market is a proud thing for the consumer characteristics cendering buy domestic products. "I think Korea is one of the chances of market goals," said Hesti in the same occasion. Indonesia's export products, continued Hesti, known to have good quality, so it will very likely meet the qualifications required by the Lotte Mart. "Agriculture and fisheries Indonesia is rich, of course, very rich fishery products," he said.Hesti explained, the products of interest such as agriculture and fisheries, processed food, household appliances, as well as textile products. "Textile products, household appliances, handicrafts, it is our excess in Indonesia is culturally diverse, so unique and quality products. This is one of the advantages and opportunities," he said. For information, Lotte Mart is a retail company from South Korea which was founded in 1998. Until 2011, Lotte has opened 203 outlets throughout the world in which 24 of them exist in Indonesia. Indonesia-Korea trade

The value of Indonesian exports to Korea during the last five years (2006-2010) have increased significantly by 9.77 percent. In 2006 Indonesia's exports to Korea reached U.S. $ 8.85 billion, then in 2010 jumped 50.97 percent to U.S. $ 13.99 billion the previous year U.S. $ 9.26 billion. Indonesia's exports to Korea in 2010 consisted of oil and gas exports amounted to U.S. $ 8.91 billion and non-oil reached U.S. $ 5.08 billion. The trade balance recorded a surplus in 2010 for Indonesia amounting to U.S. $ 5.09 billion, an increase of 55.89 percent over the previous year U.S. $ 3.26 billion. The products are exported to Korea are electrical appliances, rubber, pulp, precious stones, nickel, iron and steel, wood, paper, textiles, footwear, fish and fishery products. While the value of imports from Korea during 2006-2010 has increased by 13.23 percent trend, in 2006 import value reached U.S. $ 4.87 billion, then in 2010 increased to U.S. $ 8.90 billion. ===================================== Illustration: Keep in mind prediction world, where the IMF declared that the world economy is in danger ....!! YouTube - world famous billionaire and investor George Soros warned that the debt crisis of Europe at risk of triggering the Great Depression (Great Depression) others. It can only be avoided if the leaders in the euro zone to apply a series of radical policies, including establishing financial institutions (treasury) together. Soros, in an article in the New York Review of Books and Reuters.com, said that policymakers must prepare all possible if Greece, Portugal, and perhaps also of Ireland, will default and decided to get out of the eurozone. "Even if the disaster can be avoided, never mind one thing for sure: the pressure to reduce the deficit will push the eurozone into a prolonged recession. It has many untold political consequences, "Soros warned. Now, more and more policy makers, including economists, who believed that living matter of time before the Greeks, who continued to oversize achieve its fiscal targets after receiving bailout twice (bailouts) from the EU / IMF, it will eventually collapse as well. Italy and Spain have been under pressure from the bond market, banks and government-related debt they are so big, and the growth rate is weak. Main causes of the emergence of these concerns that the economy was already too big to be rescued by a European rescue fund, which has been used as a bailout (bailouts) for Greece, Portugal and Ireland. In addition to preparing to face the collapse of his economy in the three countries and their exit from the euro zone, Soros recommends four major policies to be applied. The first, the deposits in banks should be protected to prevents banks operate in a weak condition. Secondly, a number of banks in countries that default it should be maintained in order to keep functioning to keep their economies afloat on the surface. Third, Europe needs to recapitalized the banking system and placed under European supervision. Lastly, government bonds from other countries who are also deficits must be protected. "All this is going to spend a lot of money," writes filatrofis and hedge fund manager who has 81-year-old. "There is no alternative but to encourage the birth of a recipe that had been missing: a treasury of European institutions have the authority to levy taxes and borrow money." Establishment of the European Treasury, said Soros, "is the only way to prevent the birth of the possibility of financial meltdown and the creation of another Great Depression." Soros realized that such a step requires a new EU agreement and therefore he urged European leaders to begin immediately to work because this process takes a long time. He also realized that such a policy would be very controversial, especially in Germany, where there is a strong opposition movement against the policies of this kind of debt underwriting. World Bank A similar warning was released World Bank. World Bank President Robert Zoellick Wednesday, 14 September 2011, warned that the world has entered a new danger zone. According to him, Europe, Japan and the United States must make tough decisions to prevent them go dragging down the global economy. "Unless Europe, Japan and the U.S. can take full responsibility, they would drag down not only themselves but also the global economy," said Zoellick speech at George Washington University, USA. "They kept putting off the old variety of difficult decisions, trying to narrow it to a number of options, who now lives just a little left and will be painful," he said before the meeting of the World Bank and International Monetary Fund next week. Zoellick's speech sharply underscores the mounting fear among the world's policymakers about the crisis of government debt in Europe that has become increasingly severe, and even have covered the previous concerns of investors about the financial condition and public sector reform in the U.S. and Japan. Zoellick stresses, the U.S. and Japan - which has asked China to take an active role to overcome this crisis as a global economic power on the rise - also should take action in a responsible and deal with their own economic problems. Chinese Prime Minister Wen Jiabao had previously asked the developed countries to take responsibility for taking various fiscal and monetary policies are necessary, in order to avoid the European crisis spread to other countries. The meeting between the leaders of global finance and development in Washington next week will focus on the European debt crisis failed to pay debts and risks of Greece, and has been increasingly shrill sounding the alarm on world capital markets. The diversity of signals conveyed European leaders have made increasingly be her concern that the 17 member euro zone will not be able to come together to formulate a joint approach to deal with this crisis. Zoellick said the European countries still reject some bitter truth about their shared responsibility. "The time for spin is over," said Zoellick. "If we fail to confront this phenomenon, if we do not adapt to change, if we are not left short-term political tactic or simply admit that with that power also comes the responsibility, then we will be caught in dangerous currents." Interestingly, Zoellick's speech also highlighted the changing global landscape in which the developing countries, according to him, is playing a greater role in the world economy - and also increasingly in the construction sector. He said developed countries have not fully recognize that this global shift is underway, and still operates under a policy of "do according to what I say, not according to what I do". Developed countries are keen to preach about fiscal discipline but fail to control their own budgets. They also proudly promote keberimbangan debt, but debt to their own remarkable height. Taken seriously Meanwhile, the government said it would prepare a stimulus program to avoid the worst conditions that may occur. Finance Minister Agus Martowardojo said the European crisis was more serious than previously thought. "Now we will prepare to face the crisis," Agus said at the Parliament Building, Jakarta, Thursday, September 15. Head of Fiscal Policy, Bambang Brodjonegoro, adding the current global crisis will be devastating for Indonesia. Government fear a return of economic conditions as in past crises in 2008. "Crises like 2008 will happen in 2012. The global crisis could be more severe than

2008," Bambang said, alarmed. According to Bambang, the influence of this global crisis does not affect directly to Indonesia. However, this recession will hit countries that have been the destination of Indonesian exports, so inevitably it will eventually come to threaten the national economy. (Kd)
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