JAKARTA: Chinese Premier Li Qiang warned on Sunday (May 25) that the rise of “unilateralism and protectionism” could threaten the global economic and trade order, as he reaffirmed Beijing’s ties with Jakarta on Sunday during his visit to Indonesia ahead of a regional summit in Kuala Lumpur.
“Unilateralism and protectionism are on the rise globally, posing a serious threat to international economic and trade order,” Li told Indonesian President Prabowo Subianto on Sunday, according to Xinhua state news agency.
“In the face of these risks, unity and cooperation are the only viable path forward.”
Beijing and Jakarta are key economic allies, with Chinese companies pouring capital into extracting Indonesian natural resources in recent years, particularly in the nickel sector.
But the two countries’ disputed claims into the strategic waterways of the South China Sea and its nearby territories have weighed on their relationship in recent years.
Li said Beijing was keen to further advance cooperation with Southeast Asia’s largest economy.
“China is ready to work with Indonesia and other developing countries to … uphold multilateralism and free trade, and advance a multipolar world and inclusive globalisation,” Li said.
Prabowo also echoed Indonesia’s “close and good” friendship with China.
“Indonesia is ready to create a safe and prosperous region. Indonesia is ready to strengthen cooperation with China for us to create a peaceful region, which is safe for all,” Prabowo said.
Prabowo and Li oversaw the signings of several agreements, pledging closer cooperation in areas including economic development and finance.
The presidential palace later announced that eight other agreements were signed in sectors covering tourism, health, investment and media.
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