China's Xi Jinping addresses Indonesia parliament

Chinese President Xi Jinping, left, shakes hands with Indonesia's President Susilo Bambang Yudhoyono after a joint press conference at Merdeka Palace in Jakarta, Indonesia, 2 October 2013 The countries are expected to finalise several trade and investment deals

Related Stories

Chinese President Xi Jinping has given a speech to Indonesia's parliament - the first foreign leader to do so at the assembly.

Mr Xi is on his first trip to South East Asia since taking office.

He met Indonesian leader Susilo Bambang Yudhoyono on Wednesday, where they agreed to co-operate on trade, investment and infrastructure.

China is Indonesia's second-largest trading partner. Bilateral trade reached $66bn (£41bn) last year.

In his speech, Mr Xi said China and the Association of South-east Asian Nations (Asean) should try to resolve territorial disputes "in a peaceful manner so as to safeguard regional stability and peace".

China has competing territorial claims against four Asean member states, and Indonesia has played a leading role in drafting a proposed code of conduct for handling territorial disputes.

Enhanced co-operation

The two countries signed a $16bn currency swap agreement, which would help support Indonesia's falling rupiah.

Trade and investment deals worth $32 billion were also expected to be signed, AFP news agency reported, citing Indonesia's industry minister.

"As a strategic comprehensive partner, we have agreed to enhance our co-operation and partnership in all aspects, including the bilateral relationship and worldwide co-operation," Mr Yudhoyono told reporters on Wednesday, following his meeting with Mr Xi.

"We agreed to enhance trade and investment, [as] the trade value of both countries continues to grow, now reaching $51bn," Mr Yudhoyono added.

Mr Xi said: "To support the process of interconnection and integration of the economic development in the region, China has proposed to build the Asia infrastructure investment bank and provide financial support to infrastructure development in developing countries in the region."

Mr Xi will head to Malaysia next, before returning to Indonesia for the Asia-Pacific Economic Co-operation (Apec) summit in Bali.

More on This Story

Related Stories

More Asia stories

RSS

Features

  • Witley Court in Worcestershire Abandoned mansions

    What happened to England's lost stately homes?


  • Tray of beer being carried10 Things

    Beer is less likely to slosh than coffee, and other nuggets


  • Spoon and buckwheatSoul food

    The grain that tells you a lot about Russia's state of mind


  • Woman readingWeekendish

    The best reads you need to catch up on


  • Salim Rashid SuriThe Singing Sailor

    The young Omani who became a prewar fusion music hit


BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.