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RI, China sign deals on industry, trade, local currency payments
President Prabowo Subianto praised several major joint projects between Indonesia and China while urging Chinese companies to deepen their involvement in Indonesia’s economy, creating jobs and transferring technology.
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President Prabowo Subianto and Chinese Premier Li Qiang inspect a guard of honor on Sunday during a welcoming ceremony at the Presidential Palace in Jakarta. (AFP/ Yasuyoshi Chiba)
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ndonesia and China signed multiple agreements on Sunday, witnessed by President Prabowo Subianto and Chinese Premier Li Qiang during the latter’s official visit to Jakarta.
The Office of the Coordinating Economic Minister inked a pact with China’s Commerce Ministry to strengthen supply chains and cooperation in the industrial sector. Another agreement was signed with the provincial government of Fujian to connect its industrial parks with two estates in Batang, Central Java and Bintan, Riau Islands.
The central banks of both countries established a framework for conducting bilateral transactions in local currencies.
State asset fund Danantara and the Indonesian Chamber of Commerce and Industry (Kadin) signed deals with their Chinese counterparts to boost investment and business ties.
“President Prabowo also discussed several priority programs, including the free nutritious meal program, energy sustainability and long-term plans such as the proposed giant seawall [along Java’s northern coast],” Coordinating Economic Minister Airlangga Hartarto said on Sunday, as quoted by Kompas.
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Other agreements include the export of frozen durian to China, media partnerships between Indonesia’s national news agency Antara and China Media Group and Xinhua News Agency, as well as collaborations in tourism and health care, such as joint efforts in tuberculosis treatment.
