Indonesia eyes more investment from China

March 26th, 2012 - 12:19 am ICT by IANS  

Beijing, March 25 (IANS) Indonesia invited Chinese enterprises to increase their investment, said a joint statement released here Sunday as Indonesian President Susilo Bambang Yudhoyono wrapped up a three-day state visit.

The Indonesian side encouraged China’s enterprises to participate in augmenting the industrial capacity in Indonesia, and said it will continue creating conducive investment atmosphere for foreign investors, including those of China, reported Xinhua.

Indonesia also expected that Chinese enterprises “invest more in Indonesia’s mining industry,” and briefed China on its efforts to improve the management of its mining resources.

The statement said the two sides agreed to continue to promote the role of bilateral energy forum, gear up efforts to further solidify and expand cooperation in oil and gas, mining and electricity, and actively explore cooperation opportunities in new and renewable energy.

China reaffirmed its commitment to participating in Indonesia’s infrastructure development projects, especially in the Master Plan on Acceleration and Expansion of Indonesia’s Economic Development from the year 2011 to 2025.

Both side were “delighted” to note that the two-way trade volume had increased steadily in the past few years, and were “optimistic” that the target of $80 billion bilateral trade value by 2015 could be accomplished, said the statement.

The two countries will step up efforts to realise smooth, balance and sustainable two-way trade relations, according to the statement.

The Chinese side also appreciated Indonesia’s continued support towards China’s Yuanwang scientific instrumentation ship sailing into designated Indonesian sea areas to carry out TT&C; (Telemetry Tracking and Command) support for China’s Compass navigation satellite launch missions.

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