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February 12, 2008

Two-way trade reaches $25bn in 2007

Trades volumes between Indonesia and China reached 25 billion U.S. dollars in 2007, or up 30 percent from the previous years, Indonesian ambassador to China named only Sudrajat said here Monday.

The ambassador told a press conference after meeting with Indonesian President Susilo Bambang Yudhoyono at the State Palace here that the figure exceeded the goal of 20 billion U.S. dollars set for 2008.

During the meeting he said that the president was optimistic the target of 30 billion U.S. dollars trade volume of the two countries in 2010 could be achieved earlier in 2009.

The ambassador said that the optimism was based on the growth last year.

"In 2007, our import was 12.6 billion U.S. dollars, and exports was 12.4 billion U.S. dollars," said Sudrajat.

In 2005, Indonesian President Susilo Bambang Yudhoyono and his Chinese counterpart Hu Jintao launched a strategic partnership. The two leaders targeted 20 billion U.S. dollars bilateral trade volumes.

Courtesy Xinhua

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