RI, China ink $17.4b deals
Indonesia inked dozens of business and strategic agreements in several sectors with China, Asia’s largest economy, during the state visit of President Susilo Bambang Yudhoyono to Beijing on Friday.
The signings were made after talks with Chinese President Hu Jintao, in which both sides reaffirmed the importance of bilateral relations.
The agreement covered cooperation in areas including trade, tourism, anti-drug efforts and fisheries management.
In the business sectors, Indonesian companies signed 15 investment agreements with Chinese corporations in Beijing on Friday worth a total of US$17.4 billion.
“The business agreements are an indication of the growing cooperation between the two countries,” President Yudhoyono said in a speech after meeting with Wan Jifei, the head of the Chinese Council for the Promotion of International Trade at a hotel in China’s capital city.
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