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September 5, 2008

Indonesia to boost trade ties with China's Guangdong
Indonesian President Susilo Bambang Yudhoyono has set a target to intensify trade ties with Guangdong Province because the Chinese province is a potential market for Indonesian products, state news agency Antara quoted presidential spokesman Dino Patti Djalal as saying Thursday.

Djalal made the statement in a press conference at the Presidential Office, in Jakarta, on Thursday, after accompanying the President in receiving a delegation from the Chinese Communist Party (CCP) led by Wan Yan, a member of the CCP politburo concurrently secretary of Guangdong's CCP Central Committee.

"The President in the meeting stated that the target of trade between Indonesia and China could reach $30 billion in 2010. Up to July 2008, the trade value between the two countries has reached $19 billion," Djalal said.

President Yudhoyono believed that the target could be reached even before 2010 because the two countries' trade value by the end of 2008 was estimated to reach $28 billion or $29 billion.

The trade value between Indonesia and Guangdong currently was around $5.1 billion.

Indonesian rade Minister Mari Elka Pangestu has been assigned to increase the trade value to $10 billion in the next three years.

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