Italian Delegation signs $1b worth of deals in Indonesia.
Indonesian entrepreneurs signed economic cooperation agreements worth more than $1 billion with Italian counterparts on Monday following the first bilateral meeting between President Joko Widodo and Italian President Sergio Mattarella.
Joko said Mattarella's visit was the first official visit from Italy to Indonesia in over six decades.
"I am excited that in such a visit, 30 Italian business delegates sign agreements worth around $1.055 billion," Joko said.
The contracts will cover partnerships in logistics, renewable energy, infrastructure, automotive industry, leather, fashion, furniture and travel.
The president also congratulated Mattarella with the success of the Milan World Expo, in which Indonesia participated this year.
Italian delegates also took their time to meet with Indonesian officials, including Italian Minister of Economic Development Federica Guidi who met with Coordinating Maritime Affairs Minister Rizal Ramli on Monday afternoon.
Guidi and Rizal discussed the possibility to cooperate in the maritime sector, including to join hands in combating illegal fishing, in fish processing and boat supply from Italy, as reported by Antara.