Indonesian Political, Business & Finance News

Micronesia offers bilateral cooperation

Micronesia offers bilateral cooperation

JAKARTA (JP): Micronesian President Bailey Olter offered cooperation with Indonesian parties in forestry, fishery and agriculture during his meeting with President Soeharto here yesterday.

Minister/State Secretary Moerdiono said after the meeting at the Merdeka Palace that the visiting Micronesian president also invited Indonesian businesses to invest in his country.

"President Olter offered our businessmen, in particular to set up joint ventures in the fish canning industry," Moerdiono told journalist about subjects raised during the talks between the two heads of states.

The Micronesian president and his delegation, including his wife Amalia Olter, arrived on Thursday for a six-day visit.

In the state banquet held for the visiting president at the State Palace last night, Soeharto called for the promotion of cooperation among the Asia-Pacific countries, both under bilateral and multilateral bases.

The Indonesian leader said the promotion of cooperation between developing countries, in addition to the expansion of the cooperation between developing and industrial nations, is essential in paving the way for more prosperous and peaceful world.

Today, the Micronesian leader and his delegates are scheduled to visit the newly opened Fruit Park in Bogor, West Java, before leaving for Bali tomorrow.

The delegates will spend two days in the resort island before returning home on Tuesday.

Micronesia, an archipelago in the Pacific, has a population of around 350,000 people. (hen)

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