India,Indonesia ink nearly 12 pacts plus USD 15.1 bn biz deals

Posted By: Pti
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New Delhi, Jan 25 (PTI) An extradition treaty was among adozen agreements in key areas of defence, energy andintelligence sharing which were inked today between India andIndonesia besides business deals worth USD 15.1 billion insectors like mining, infrastructure and manufacturing.

Apart from important bilateral issues, a host of regionaland international matters, including global terrorism werediscussed during the meeting between Prime Minister ManmohanSingh and Indonesian President Susilo Bamgbang Yudhoyono.

"The two leaders unequivocally condemned terrorism in allits forms and manifestations and stressed that there could beno justification whatsoever for any act of terrorism," a jointstatement said after the meeting.

Recognising the common threats to national security fromtransnational crimes, including international terrorism, thetwo leaders resolved to significantly enhance bilateralcooperation in combating terrorism, sharing of intelligence,the development of more effective counter terrorism policies.

Apart from this, the two sides focused on forging closerties in energy, defence and investment and inked Mutual LegalAssistance Treaty in Criminal Matters and MoUs for cooperationin Oil and Gas sector, in the field of Micro, Small and MediumEnterprises and Air Services Agreement.

Yudhoyono, who is also the chief guest at tomorrow''sRepublic Day Parade, attended a business Summit after thetalks with Prime Minister Singh during which 18 business dealsworth USD 15.1 billion were inked, making India one of thebiggest investors in that country.

Expressing satisfaction at the growing trade andinvestment ties between the two countries, Singh and Yudhoyonoagreed to set a new target for bilateral trade at USD 25billion by 2015.

Other areas of MoUs included Science and Technology,Press (media), urea (fertilizer) manufacturing, establishmentof Biennial Trade Minister'' Forum, education and Marine andfisheries cooperation.

With a view to developing a ''Vision Statement 2025'' forthe Indonesia-India Strategic Partnership, the two leadersannounced the establishment of an Eminent Persons'' Group(EPG), deliberations of which would guide the future progressand prepare a blue-print of Indonesia-India relations over thenext 15 years, the statement said.

Infrastructure, transportation, IT, telecommunications,food industry, energy and mining are among nine businesssectors identified by the visiting President as key areas ofcooperation between the two countries.

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