Sun, 24 Oct 2010

Jakarta (ANTARA News) - Indonesia hopes investment from China will increase and more of its products can be sold in that country following President Susilo Bambang Yudhoyono`s upcoming meeting with Chinese businessmen.

"The meeting with the Chinese businessmen in Shanghai is expected to be able to boost Chinese investment in Indonesia and expand the country`s products` market," presidential special staff Teuku Faizasyah said in a written statement received here on Saturday.

President Yudhoyono is scheduled to come to Shanghai, China, for a working visit from October 25-26, 2010.

"The visit is in concurrence with the 60th anniversary of the bilateral relations between Indonesia and China that have recently been strengthened by strategic partnership," he said.

President Yudhoyono, flanked by First Lady Ani Yudhoyono, will be in Shanghai to attend the Shanghai World Expo 2010 where he will also visit the Indonesian Pavillion that exhibits various natural and cultural richness of the country.

Since the opening of the expo in May 1, 2010 more than 7.5 million people or around 10 percent of the total expo visitors had visited the Indonesian Pavillion.

President Yudhoyono would also become the main speaker at the business forum which would be attended by around 300 leading businessmen from China and Indonesia.

He would also witness the signing of several memorandum of understanding between Indonesian and Chinese businessmen to develop various cooperation in the fields of mining, energy, agriculture and creative economy.

President Yudhoyono visits China before attending the 17th summit in the Association of Southeast Asian Nations (ASEAN) in Hanoi, Vietnam, on October 27-30.

In the summit Vietnam will hand over the rotating leadership of ASEAN to Indonesia.

President Yudhoyono is scheduled to return home on October 31.(*)