Guangdong Enterprises Signed Nearly $600 Million With Indonesia

At the same time, Shenzhen also formed an economic and trade delegation to take part in the Indonesian Economic and trade delegation, headed by Chen Yingchun, mayor of the municipal Party committee and vice mayor of Shenzhen, and representatives of 16 enterprises.

Wang Yang made the keynote speech.

He said that the purpose of the Guangdong economic and trade delegation is to learn from the valuable experience of Indonesia's economic and social development, to understand the appropriate areas and ways of strengthening cooperation between Guangdong and Indonesia, to promote all-round cooperation between the two sides, to enhance friendship and mutual trust, and to establish contacts with the government and enterprises.

As one of the earliest regions in China's reform and opening up, Guangdong has become the leading economic province in China.

At present, Guangdong is faced with problems such as unreasonable economic structure, weak capability of independent innovation, tight energy resources constraints, increasing pressure on environmental protection, continuous rising development costs and unbalanced regional development.

To actively adapt to the new trend of economic globalization and strengthen regional economic cooperation is an important way to solve these problems.

In recent years, the scale of economic and trade cooperation between Guangdong and Indonesia has been expanding and the field of cooperation has been widening.

In 2007, the bilateral import and export volume reached US $5 billion 190 million, an increase of 32.8% over the previous year, accounting for 1 / 5 of the total volume of trade between China and Indonesia.

Indonesia's coal, paper and paperboard, edible vegetable oils and integrated circuits, consumer electronics and other products sell well in Guangdong. Textile and clothing, furniture, footwear, ceramics and telephone, motorcycles and other mechanical and electrical products in Guangdong are well received by Indonesian consumers.

At the same time, mutual investment has become increasingly active.

Guangdong and Indonesia have unique characteristics and strong complementarity in terms of resource endowment, industrial structure and location conditions. The two sides will strengthen cooperation in five aspects under the principle of mutual benefit. First, support Guangdong's leading enterprises to invest in Indonesia's manufacturing, pportation and communications fields, and actively participate in the deep development and cooperation of power, energy, minerals and agricultural products; two, continue to expand products such as food, raw materials and processed products imported from Indonesia; three, encourage Guangdong tourists to travel to Indonesia, strengthen cooperation with Indonesian tourism enterprises; four, welcome Indonesia's friends to invest in China's trade and tourism; five, comprehensively strengthen cooperation in science, technology, culture and education.

Companies from Guangdong signed a total of $597 million with the Indonesian side on 20 projects.

Shenzhen Yihe investment Limited by Share Ltd and Shenzhen kaishuang Electronic Equipment Co., Ltd. respectively signed three projects for overseas contracting and overseas investment, with a total value of US $39 million 600 thousand.