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Indonesia, India agree to boost bilateral trade

Posted : Mon, 01 Dec 2008 08:21:11 GMT
By : DPA
Category : Asia (World)
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Jakarta - Indonesia and India agreed on Monday to strengthen cooperation and push bilateral trade between the two countries to 10 billion dollars in 2010, from the current 6.5 billion dollars. Bilateral relations have deepened, Indonesian President Susilo Bambang Yudhoyono said after talks with Indian counterpart Pratibha Patil that covered a wide range of common issues.

Yudhoyono said two-way trade value had reached 6.5 billion dollars and could be increased to 10 billion dollars by 2010.

He praised India's advanced economy, saying the country had become highly influential in the Asian economic sphere.

Both presidents witnessed the signing of agreements on sports and youth affairs, agriculture and education.

Yudhoyono expressed his condolences for the loss of lives in the terrorist attacks in Mumbai, and called for greater international cooperation in the fight against terrorism.

Patil said the two countries were committed to strengthening their political and strategic ties as well.

"We would like to step up bilateral cooperation on the basis of the strategic partnership agreement which was signed in 2005, and we also want to increase our trade with Indonesia," Patil said.

Copyright DPA

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