Presidents Prabowo and Xi Jinping Discuss Blue Economy and Great Sea Wall Project
Another key topic of discussion was the implementation of local currency settlements (LCS) between Indonesia and China. This financial mechanism is intended to reduce reliance on third-party currencies in bilateral trade, making transactions more efficient and cost-effective. Both nations agreed to work towards a more integrated payment system that would streamline economic exchanges.
As part to economic issues, President Prabowo and President Xi Jinping also discussed security matters, particularly maritime security and defense collaboration. The two leaders agreed that further dialogue would take place between Indonesia’s Ministry of Foreign Affairs and Ministry of Defense, as well as China’s counterparts, to ensure stability in the region.
The geopolitical landscape also featured in their discussions, with the two leaders touching upon global developments, including the recent election of President Donald Trump in the United States. This dialogue reflects the broader context of international relations that impacts bilateral cooperation.
Airlangga Hartarto also addressed Indonesia’s trade relations with the United States, assuring that Indonesia’s strong ties with China would not hinder its economic relations with the U.S. He pointed out that Indonesia is part of both the Regional Comprehensive Economic Partnership (RCEP) with China and the Indo-Pacific Economic Framework for Prosperity (IPEF) with the U.S. These frameworks ensure that Indonesia can engage with both global powers while maintaining its non-aligned status.
One of the more notable agreements during the summit was China’s commitment to support Indonesia’s national food security programs. This includes funding the “Food Supplementation and School Feeding Programme,” which aims to provide nutritious meals to children in schools across Indonesia. The partnership highlights China’s ongoing support for Indonesia’s efforts to combat malnutrition and ensure sustainable development.
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