REPUBLIKA.CO.ID, BEIJING -- Coordinating Minister for Economic Affairs Sofyan Djalil paid a courtesy visit to Chinese Prime Minister Li Keqiang at the Great Hall of the People, here on Tuesday.
During the meeting, the chief minister was accompanied by Indonesian Ambassador to China and Mongolia Soegeng Rahardjo, North Sulawesi Governor Sarundajang, and the deputy ministers of economic and foreign affairs.
The economic cooperation between China and Indonesia has shown a positive trend of around 19.58 percent over the past five years between 2009 and 2013.
Since the implementation of the ASEAN-China Free Trade Area, China has enjoyed a trade surplus in its economic ties with Indonesia.
In the industrial sector, Indonesia has suffered a deficit amounting to US$16.7 billion during the period between 2009 and 2013, with the highest recorded at US$6.3 billion in 2012, and later, it decreased to US$5.5 billion.
In the trade sector, the value of bilateral trade between Indonesian and China in 2013 was recorded at US$52.4 billion comprising Indonesia's exports worth US$22.6 billion and its imports from China amounting to US$29.8 billion.
During the January-October 2014 period, Indonesia's exports to China reached US$14.6 billion and its imports were recorded at US$25.0 billion, with the total two-way trade valued at US$39.7 billion.
In the investment field, in the first nine months of 2014, Chinese investments in Indonesia reached US$328 million with 435 projects, thereby placing China in the 12th position in the list of major investing countries in Indonesia.
In 2013, the realization of Chinese investment in Indonesia was recorded at US$296.8 million with 411 projects.
Indonesia and China agreed to strengthen bilateral relations and cooperation in the economic field during their first high-level economic dialog held in Beijing, on Jan. 26, 2015, with the objective to enhance future cooperation between the two countries in the field.
During the dialog, the Indonesian delegation was led by Minister Sofyan Djalil, and the Chinese delegation was represented by the China State Council member, Yang Jiechi.
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