"With ditandatanginya Agreement of Expanding and Deepening Bilateral Economic and Trade Cooperation, it is hoped both sides could enhance cooperation, both in the field of trade and investment," said Trade Minister Mari Elka Pangestu, the release received Kompas.com, Sunday (1 / 5 / 2011).
In addition, Indonesia and China trade target was increased from 50 billion U.S. dollars to 80 billion U.S. dollars in 2015.
China was expected to increase its imports from Indonesia, the trade balance by reducing the imbalance between the two countries.
Meanwhile, the cooperation agreement which was signed directly by the Chinese Minister of Commerce Chen Deming, conducted in an effort to increase cooperation and investment, particularly for agriculture, infrastructure, industry, energy, forestry, and tourism.
In realizing projects in the sector, the two ministers to encourage financial institutions and insurance of both countries to provide support.
Resolution Working Group on Trade and Economic Cooperation Working Group was formed by the two ministers in order to solve problems of economic and trade between the two countries.
Not only trade, the Chinese premier Wen Jiabao visits during April 28 to 30 of this, China and Indonesia have signed an agreement to disburse some funds for investment in particular economic improvement. A total of 22 cooperation agreements, both among businesses, and government and business has signed a $ 10 billion U.S. dollars.
Apart from this agreement and U.S. $ 8 billion fund that has been pledged by China for infrastructure development, industrial, and commercial loans. China also will contribute 1 billion Renminbi to help a number of national maritime projects. Then, China also offers additional export buyers credit worth 1 billion U.S. dollars for infrastructure and financing.
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