India, Indonesia sign accords on trade, energy

Associated Press
Indonesian President Susilo Bambang Yudhoyono, center, inspects a guard of honor during a ceremonial reception at the Presidential Palace in New Delhi, India, Tuesday, Jan. 25, 2011. Yudhoyono's visit to India is expected to focus on increasing trade and energy security between the two large Asian nations. (AP Photo/Gurinder Osan)

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India and Indonesia signed a slew of agreements Tuesday aimed at promoting trade and investment and set an ambitious target of doubling trade over the next five years.

The two sides also signed an extradition treaty and a mutual legal assistance treaty which would be key to their fight against international terrorism.

The agreements were signed at the end of wide-ranging talks between the visiting Indonesian President Susilo Bambang Yudhoyono and Prime Minister Manmohan Singh.

The two leaders announced plans to push bilateral trade to $25 billion by 2015, according to a joint statement issued at the end of their talks.

Trade between the two countries has been growing steadily and was estimated at around $12 billion in 2010.

With the two leaders looking on, officials from the two countries signed 11 agreements, including those relating to cooperation in fisheries, education and science and technology.

Yudhoyono is the chief guest at India's Republic Day celebrations on Wednesday.

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