Indonesian businesses signed 15 investment
agreements with Chinese corporations, worth a total of US$17.4 billion, in
Beijing on Friday.
"I
am happy to hear of the business agreements between Indonesia and China, which
are an indication of the growing cooperation between the two countries,"
President Susilo Bambang 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.
Among
the agreements signed was a technical cooperation agreement between Indonesia's
state-owned steel company PT Krakatau Steel and China's Capital Engineering and
Research Inc. Ltd., as well as a deal to lend $200 million in long-term credit
to finance the construction of Krakatau's Blast Furnace Complex.
Also
signed at the gathering was a joint investment between PT Bangungraha Sejahtera
Mulia and China Railway Construction for the Sunda Strait Strategic and
Infrastructure Development.
Trade
Minister Gita Wirjawan acknowledged that he was happy with the business deals,
which he said could pay off the 2011 trade deficit between Indonesia and China,
which analysts had blamed on the "problematic" ASEAN-China Free Trade
Agreement (FTA).(dic)
Bagus
BT Saragih
The
Jakarta Post,
Business & Investment Opportunities
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