Indonesian president says 'no compromise' on South China Sea
- Wall St. stock futures fall after Italy referendum
- Oil tops $55 for first time in 16 months as OPEC deal fuels buying
- Consolidated Communications (CNSL) to Acquire FairPoint Communications (FRP) in $1.5B Deal
- Burberry rejects multiple takeover offers from Coach: Financial Times
- Trump picks ex-rival Carson to head housing department
Indonesia's President Joko Widodo (R) talks with Military Chief Gatot Nurmantyo as they walk past fighter jets and weapons during a military exercise on Natuna Island, Riau Islands province, Indonesia October 6, 2016. REUTERS/Beawiharta
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.
MELBOURNE (Reuters) - Indonesian President Joko Widodo said there will be "no compromise" to his country's sovereignty in the contested South China Sea, ahead of a visit to staunch U.S. ally Australia.
The comments come after Australia's foreign minister, Julie Bishop, on Tuesday said the two countries were considering joint naval patrols in the contested waters.
China claims almost the entire South China Sea, through which about $5 trillion worth of trade passes each year. Brunei, Malaysia, the Philippines, Taiwan, Vietnam and Indonesia also claim part of the sea.
"In regards to Indonesia's sovereignty, I don't compromise. I don't compromise," Widodo told the Australian Broadcasting Corporation on Saturday.
Indonesian warplanes staged a large-scale exercise last month in the waters around the Natuna Islands archipelago, following a spate of face-offs between the country's navy and Chinese fishing boats in the gas-rich southern end of the South China Sea.
China, while not disputing Indonesia's claims to the Natuna Islands, has raised Indonesian anger by saying the two countries had "overlapping claims" to waters close to them, an area Indonesia calls the Natuna Sea.
Australia has previously drawn criticism from China for running surveillance flights over disputed islands in the South China Sea and supporting U.S. freedom of navigation exercises there.
Widodo will hold meetings with Prime Minister Malcolm Turnbull on Sunday amidst warming ties and a renewed push for a bilateral trade agreement between the two neighbors, expected to finalised next year.
The relationship between Indonesia and Australia reached historic lows under former Prime Minister Tony Abbott, who Turnbull ousted in a party room coup in September last year.
(Editing by Leslie Adler)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Consolidated Communications to buy FairPoint in $1.5 billion deal
- Italian instability is not start of euro zone crisis: Eurogroup head
- Libyan forces take control of Islamic State holdouts in Sirte: spokesman
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!