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South Sea Pearls: Indonesia is also producing
South Sea Pearls. Japanese controlled companies in Indonesia have been competing
with Australia, the main producer till the commencement of the last decade,
when a mysterious disease afflicted pearling operations in Australia, forcing
the largest producing company to close down. This reduced Australian production
to about one half. Besides this, Indonesia also has an edge over Australia
because of its lower cost of production. A subsequent spurt in the demand
for South Sea Pearls is benefitting Indonesia also.
Gold & Silver: Indonesia produces gold and silver also. Jakarta is the centre where these precious metals are refined.
Exports: Exports are undertaken both by the State
trading firms and registered private concerns, subject to regulations regarding
surrender of the export proceeds. Japan is the main trading partner of Indonesia.
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