Indonesia-China relations mutually beneficial: FM

Beijing (ANTARA) –
The connection between Indonesia and China previously decade has been mutually helpful, in accordance with Overseas Minister Retno Marsudi.

“Within the final 10 years, we’ve got labored collectively to construct mutual respect, mutually helpful cooperation and keep sustainable relations,” she mentioned on the fifth Joint Fee for Bilateral Cooperation (JCBC) assembly along with her Chinese language counterpart Wang Yi in Beijing on Friday.

China is taken into account probably the most necessary companions of Indonesia, with the cumulative worth of funding flows from Beijing to Jakarta exceeding US$37 billion within the interval from 2014 to 2024, Marsudi famous.

Though the time period of the federal government led by President Joko Widodo will come to an finish by October 2024, Marsudi assured that the connection between Indonesia and China might be maintained.

“However relaxation assured that the subsequent Indonesian authorities will proceed to construct robust relations with China, as conveyed immediately by the President-elect (Prabowo Subianto) throughout his go to to Beijing a number of months in the past,” she mentioned.

Throughout the assembly, Marsudi thanked Wang for his strategic position in strengthening relations between the 2 nations.

“So as soon as once more, thanks, and we will focus on what are the precedence areas for our cooperation within the coming years. After this, I’ll report back to my President and in addition convey the outcomes of in the present day’s assembly to the President-elect,” she mentioned.

The 4th Indonesia-China JCBC was held in Jakarta on February 22, 2023. It was joined by Marsudi and Chinese language Overseas Minister Qin Gang.

She mentioned that one of many issues conveyed on the 4th JCBC was a request for tackling varied commerce boundaries.

Based mostly on information from the Indonesia Funding Promotion Middle (IIPC), China is Indonesia’s third-largest funding accomplice.

In 2023, Chinese language funding in Indonesia was recorded at US$7.4 billion, and within the first quarter of 2024, the determine reached US$1.87 billion, plus funding from Hong Kong (US$1.89 billion).

One of many sectors focused by Chinese language buyers in Indonesia is transportation, with the primary venture being the Jakarta-Bandung high-speed practice, which information speeds of as much as 350 kilometers per hour.

The flagship venture has been largely funded by China with an funding of US$7.3 billion and has served greater than 4 million passengers because it started working on October 17, 2023.

Within the commerce sector, China is recorded as Indonesia’s largest buying and selling accomplice.

Based mostly on information from China Customs, the worth of China-Indonesia commerce in 2023 was recorded at US$139.41 billion. Throughout the interval, Indonesia’s exports to China had been pegged at US$74.21 billion and imports had been recorded at US$65.2 billion.

Within the first quarter of 2024, the worth of bilateral commerce reached US$33.57 billion, with Indonesia’s exports to China reaching US$16.94 billion and imports US$16.61 billion.

Indonesian language research are additionally supplied at 25 universities throughout China. The most recent push in that path has been the institution of the Indonesian Cultural Home at Tianjin Overseas Research College in collaboration with Brawijaya College.

Associated information: Indonesia boosts oil, fuel partnerships with Chinese language companies

Associated information: Marsudi calls on China to take care of peace, stability in Indo-Pacific

Translator: Desca Lidya Natalia, Yashinta DifaEditor: Tia MutiasariCopyright © ANTARA 2024