Border Trade Agreement Indonesia Malaysia 1970

"The conclusion of the 1970 BTA revision project should provide updates to existing agreements to meet the need for access to more affordable basic goods for people at the border. The two delegations hope to conclude the negotiations at the seventh negotiation that will take place in Indonesia by the end of 2019," Made said in a press release on Tuesday, August 20, 2019. Indonesian Trade Minister Thomas Lembong said the border agreement in Nunukan and Entikong, both in Kalimantan, had been established since 1970. Both governments intended to update the agreement to better reflect recent developments. "We want to present the renewal of the 30-year-old border agreement before the meeting of heads of state and government in early August," Thomas said after Thursday`s meeting in Jakarta. Malaysian Minister of International Trade and Industry Datuk Seri Mustapa Mohamed added that in addition to modernizing the BTA, the two countries also agreed to improve cooperation to facilitate trade in plant products, standardization of crude palm oil (CPO) and halal certification. (dmr) Penang, 19 August 2019 – The governments of Indonesia and Malaysia held discussions in Penang, Malaysia, from 15 to 16 August 2019, on the revision of the 1970 Border Agreement (BTA). The negotiations that entered the 6th round are a continuation of the previous round table held in Yogyakarta on 2 and 3 November 2017. On this date of the negotiations, the two countries committed to immediately complete the process of revising the agreement. The reintroduction of JICT and BTA, Thomas added, is important because Malaysia is Indonesia`s largest trading partner in ASEAN, with total trade of $16 billion in 2015, while Malaysia`s total investment in the country reached $8.9 billion between 2010 and 2015. "At the recent meeting between President Joko` Jokowi Widodo and Malaysian Prime Minister Najib Razak, Indonesia and Malaysia agreed to increase trade to $30 billion in the near future.

It`s a pretty big goal that has been set by our respected leaders," he assured. In line with President Joko Widodo`s national priority program for building Indonesia from the border, the Ministry of Commerce is firmly committed to completing the review process of the agreement. Given the idea that the BTA signed in 1970 is not considered sufficient to launch commercial activities in the increasingly complex and developing Indonesia-Malaysia border region," he said. After an 8-year hiatus, Indonesia and Malaysia held the second meeting between Indonesia and Malaysia Joint Trade and Investment (JICT). At the meeting, the two governments agreed to renew their Border Agreement (BTA) in Kalimantan, to be concluded by August, ahead of a meeting of Indonesian and Malaysian heads of state and government. Until now, he explained, the 1970 BTA was considered insufficient to launch commercial activities in the increasingly complex and growing border area between Indonesia and Malaysia. Bisnis.com, JAKARTA (F) — The governments of Indonesia and Malaysia are working to speed up the conclusion of the 1970 border agreement. The Director of Bilateral Negotiations at the Ministry of Commerce, Ni Made Ayu Marthini, said the conclusion of the 1970 BTA review was part of a priority national program for building Indonesia from the border. Revealed to speed up agreement before negotiations, exchange of Annex BTA documents. .

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