ID :
85387
Wed, 10/21/2009 - 11:07
Auther :
Shortlink :
https://oananews.org//node/85387
The shortlink copeid
INDIA OPTIMISTIC COOPERATION WITH INDONESIA TO INCREASE FURTHER
Jakarta, Oct 20 (ANTARA) - Indian Ambassador to Indonesia Biren Nanda expressed optimism that under President Susilo Bambang Yudhoyono's second-term administration, Indonesia and India will be able to further intensify their bilateral cooperation.
"We are looking forward to a further increase in bilateral cooperation between the two countries in the future," Nanda said here on Tuesday.
The ambassador praised Indonesia as one of three countries in Asia that had done well during the recent global financial crisis while other countries in the region experienced economic slowdowns.
He also said India-Indonesia trade relations had developed rapidly during the past three years after the signing of a Joint Declaration for Indonesia-India Strategic Cooperation in 2005.
In the same year, Nanda said, both countries also agreed to make a commitment to enhance bilateral trade from four billion US dollars in 2005 to 10 billion US dollars in 2010.
"Fortunately, the target was reached two years earlier than expected, namely in 2008 , but in favor of Indonesia, especially for palm oil and coal products. We predict trade between the two countries will reach US$ 20 billion in 2014," he stated.
Among other Indonesian products that entered India`s markets were paper, agricultural products, electrical tools, crude and synthetic rubber and wooden products.
Meanwhile, Indian had exported several products to Indonesia namely automobiles, engineering, textile, steel, mining machinery, banking services, resources and software.
The Indian envoy also praised Indonesia's role in international organizations such as in the Association of Southeast Asia Nations (ASEAN) and the United Nations (UN). ***2***
(A051/B/HAJM/16:35/a014)
"We are looking forward to a further increase in bilateral cooperation between the two countries in the future," Nanda said here on Tuesday.
The ambassador praised Indonesia as one of three countries in Asia that had done well during the recent global financial crisis while other countries in the region experienced economic slowdowns.
He also said India-Indonesia trade relations had developed rapidly during the past three years after the signing of a Joint Declaration for Indonesia-India Strategic Cooperation in 2005.
In the same year, Nanda said, both countries also agreed to make a commitment to enhance bilateral trade from four billion US dollars in 2005 to 10 billion US dollars in 2010.
"Fortunately, the target was reached two years earlier than expected, namely in 2008 , but in favor of Indonesia, especially for palm oil and coal products. We predict trade between the two countries will reach US$ 20 billion in 2014," he stated.
Among other Indonesian products that entered India`s markets were paper, agricultural products, electrical tools, crude and synthetic rubber and wooden products.
Meanwhile, Indian had exported several products to Indonesia namely automobiles, engineering, textile, steel, mining machinery, banking services, resources and software.
The Indian envoy also praised Indonesia's role in international organizations such as in the Association of Southeast Asia Nations (ASEAN) and the United Nations (UN). ***2***
(A051/B/HAJM/16:35/a014)
