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JAKARTA - Minister of Trade Mari E. Pangestu said on Saturday that Indonesia and China would sign a comprehensive cooperation agreement on Monday, expected to have a strategic impact bilateral relations. "For the first time, the signing of the agreement will be comprehensive, as it will cover various disciplines, including politics, security, socio-politics and investment," Mari told the press.
It is scheduled to be signed by Indonesian President Susilo Bambang Yudhoyono and Chinese President Hu Jintao on Monday. Mari explained that from the economic side, the cooperation reflected the intention of the two countries to further increase investment as each of them had complementary interests. "China, for example, has processing machinery, while Indonesia is abundant in natural resources ready for processing," she said.
Minister of Agriculture Anton Apriyanto, who accompanied Mari at the press meeting, said Chinese company CAMC had expressed interest in investing in oil palm processing in Indonesia. "We warmly welcome the Chinese investors' interest to work together with local partners in Indonesia," Anton said. Coordinating Minister for the Economy Aburizal Bakrie said earlier that a Chinese delegation pledged to invest up to US$10 billion in the fields of agriculture, infrastructure and natural resource processing.
"Hopefully the Chinese investors can start implementing their investment projects this year," Aburizal said.
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