Indonesia, Chinese business leaders launch US $17.4b worth cooperation

... The cooperation has been agreed upon in 15 MoUs...
Beijing (ANTARA News) - Indonesian and Chinese business leaders have launched cooperation worth US$17.4 billion, visiting President Susilo Yudhoyono said here on Friday.

"The cooperation has been agreed upon in 15 MoUs. The sectors in which cooperation has been established include seaports, roads, alternative energy, the motorcycle industry, mining, construction in strategic areas and the Sunda Strait, plantations, tourism, and the steel industry," said Yudhoyono.

Visit in China, Yudhoyono had a special dialogue with his counterpart President Hu Jintao of China. Indonesia rank in fourth place as a strategic counterpart in ASEAN after Singapore, Malaysia, and Thailand.

President Yudhoyono also expressed hope that business cooperation between Indonesia and China would be developed in accordance with the strengthening of relations between the governments of the two countries.

In 2011, Indonesia and China's trade value reached US$50 billion. Both countries expect to see an increase in trade value of around US$80 billion by 2015.