On Tuesday, India has signed an extradition treaty with Indonesia. It has signed 18 agreements worth $15.1 billion.

The agreements are related to the different sectors such as mining, transportation and manufacturing.

In a business meeting Indonesian President, Susilo Bambang Yudhoyono has stated that he is very confident of increase in trade between the two countries, after signing of 18 business MoUs.

Two MoUs were signed between GVK Power and Infrastructure and the Indonesian government. This has been signed for the development of green field international airports in Bali and Java. Both the countries have decided to raise their mutual deal. They have aimed to touch $25 billion in the coming five years.

The financial bond between the partners is becoming strong. The mutual deal has increased thrice during last five years from $4 billion in 2005.

Moreover it has been expected to reach $12 billion in 2010. The latest target is to increase twice i. e. to be $25 billion in the next five years as stated by Mr. Yudhoyono.