| Indonesia, India upbeat to achieve trade target |
JAKARTA, June 19 (Xinhua) -- Bilateral trade between Indonesia and India had increased significantly over the last several years and both governments have expressed optimism they would achieve the 10 billion U.S. dollars target for two-way trade volume.
"We are in agreement that we are on track to reach the target of 10 billion dollars in 2010 as mandated by our leaders in their meeting in New Delhi in 2005," Indonesian Foreign Minister Hassan Wirajuda was quoted Tuesday by English daily The Jakarta Post as saying.
Bilateral trade value jumped to 4.79 billion in 2006 from 3.93 billion in 2005. Trade value has tripled in the last five years, from 1.93 billion dollars in 2002.
The balance of trade was in favor of Indonesia in 2006, with its exports to India at 3.39 billion dollars while its imports reached 1.40 billion.
Wirajuda and his Indian counterpart Pranab Mukherjee met here Monday to discuss a detailed action plan to make their new strategic partnership agreement a reality.
The agreement, which was envisaged by President Susilo Bambang Yudhoyono and Indian Prime Minister Manmohan Singh in 2005, is aimed at enhancing cooperation in various fields and boosting economic ties.
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