BEIJING (AP) — Indonesian President Susilo Bambang Yudhoyono has overseen the signing of a series of agreements with regional economic superpower China during a state visit to Beijing.
The signings followed talks Friday with Chinese President Hu Jintao in which the sides reaffirmed the importance of relations. The six memorandums of understanding covered cooperation in areas including trade, tourism, anti-drug efforts and fisheries management.
Indonesia has benefited from booming Chinese demand for its commodities such as palm oil and tin and is seeking more Chinese investment. But last year's bilateral trade of $60.5 billion was heavily in China's favor and Indonesian firms have complained of a flood of cheap Chinese goods allowed under a 2010 free trade agreement.