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Jakarta Post

Editorial: Closer to China

(The Jakarta Post)
PREMIUM
  ●   Mon, September 20 2010

China-Indonesia ties are currently seeing a renaissance, not least boosted by the commemoration of the 60th anniversary of diplomatic ties between the two regional giants.

In almost all sectors statistics show a positive trend. In the last decade bilateral trade enjoyed an average growth rate of 20 percent annually. Both countries bilateral trade volume to reach  US$30 billion in 2010 and $50 billion by 2014.

In fact China has become the single largest origin for imports and the third largest export destination for Indonesia. The commencement of the China-ASEAN Free Trade Area (CAFTA) will only spur further both trade and investment in the coming years. Already more than 93 percent of Indonesian exports to China enjoy zero tariffs.

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