On October 26, 2002, President Jiang Zemin met with Indonesian President Megawati Soekarnoputri in Los Cabos, Mexico. This is the third meeting between the two presidents in just one year, following the previous ones at the Shanghai Meeting of the Asia-Pacific Economic Cooperation (APEC) in October 2001 and during Megawati's visit to China in March this year. The two sides exchanged views on ways to further develop friendship and mutually beneficial cooperation between China and Indonesia.

Jiang pointed out that developing a long-term and stable friendly relationship between China and Indonesia, both of them being major developing countries in Asia, conforms to the fundamental interests of their people. We attach great importance to friendly relations with Indonesia. Both China and Indonesia have a large population, with enormous market potential. As the economies of the two countries are highly complementary to each other, there are broad prospects for them to cooperate in economy and trade. Although the growth of both the world economy and regional economies has slowed down in recent years, economic and trade relations between China and Indonesia have witnessed a steady growth. We believe that with concerted efforts from both sides, China and Indonesia will continue to make great achievements in their cooperation in economy, trade and other fields.

Megawati said that friendly relations between Indonesia and China have developed smoothly, and in particular many concrete projects between the two countries have been carried out in recent years. In the future, the two countries can further expand their cooperation in transportation, fishery, agriculture and other fields so as to promote a full-scale development of their bilateral relationship.