Xi boosts ties with Indonesia
Print Edition
The leaders of China and Indonesia agreed yesterday to improve cooperation in several areas, as President Xi Jinping began his first visit to Southeast Asia since taking office, striving to boost ties and economic partnerships with the region’s biggest country.
Xi met Indonesian counterpart Susilo Bambang Yudhoyono, and is expected to meet business leaders and become the first foreign leader to address Indonesia’s parliament during the two-day trip.
Besides trade and investment, the two countries agreed to improve cooperation in industry, infrastructure, transportation, energy and finance, as well as maritime and fisheries, Yudhoyono said after the meeting.
“We realize there is good potential in tourism, education and creative industry,” he said, welcoming China’s plan to open a consulate on Indonesia’s resort island of Bali.
He said the two countries also plan to strengthen defense and security cooperation.
They also signed a currency swap agreement worth US$16 billion for three years that could be utilized to support Indonesia’s sliding rupiah in a crisis.
“The agreement reflects regional commitment in the face of global uncertainty and will contribute propitiously toward maintaining macroeconomics and domestic financial stability,” said Indonesian Central Bank Governor Agus Martowardojo.
Xi said a Chinese cultural center would be built in Jakarta, and that 1,000 Indonesian students would be offered scholarships to study in China. He said the two countries would increase communication and work together for peace and stability in the region.
China has been trying to build deeper ties with the 10-member Association of Southeast Asian Nations.
Xi is also expected to visit Malaysia and attend the Asia-Pacific Economic Cooperation summit in Bali next week.
Trade between China and Indonesia stands at nearly US$33 billion this year, making it Indonesia’s second-biggest trading partner, after Japan.
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