Indonesian President Susilo Bambang Yudhoyono
and US President Barack Obama announced the agreement in a joint statement to
the press following their bilateral meeting at the Bali Nusa Dua Convention
Center (BNDCC).
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Nusa Dua,
Bali (ANTARA News) - Indonesia and the United States have agreed on a US$600
million cooperation project under a so-called "Millennium Challenge
Corporation Compact" in support of environmentally friendly and
sustainable development in the former.
Indonesian
President Susilo Bambang Yudhoyono and US President Barack Obama announced the
agreement in a joint statement to the press following their bilateral meeting
at the Bali Nusa Dua Convention Center (BNDCC) here on Friday.
"Indonesia
is thankful to the US for the Millennium Comprehensive Partnership worth US$600
million to support environmentally friendly development," President
Yudhoyono said.
The
cooperation was designed to assist Indonesia in developing clean energy, food
and public health programs as well as in modernizing goods and service
procurement process.
President
Yudhoyono said the Indonesia-US relations had been improving since the two
nations signed a comprehensive partnership agreement a few years ago.
In the
political, legal and security fields both nations had been engaged in various
activities such as dialogs, military education and training including the US
grant of F-16s to Indonesia, he said.
Both
nations also had signed a trade and investment agreement to increase investment
and trade ties between the two nations, he said.
President
Yudhoyono also expressed Indonesia`s wish to become a US strategic partner in
building democratic cooperation which pays respect for human rights.
Meanwhile,
President Obama said his visit to Bali for the 6th East Asia Summit was a
concrete example of the US focus on the Asia-Pacific region to get better
involved in the regional organization.
He shared
Yudhoyono`s view that relations between the two countries had been improving
since the signing of the comprehensive partnership agreement.
He said the
signing of a commercial agreement between Boeing and Lion Air at Grand Hyatt
Hotel in Bali earlier in the day was an example of the ever increasingly closer
cooperation between the two nations in the economic field.
Under the
agreement, Lion Air is planning to buy 200 Boeing planes for at least US$2
billion.
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