JAKARTA, NETRALNEWS.COM - The Indonesian and Malaysian governments have agreed to complete the Review on Border Trade Agreement (BTA) in 2018. This agreement was reached at the 5th Negotiation of BTA Review 1970 which took place on November 2-3, 2017 in Yogyakarta.
"To achieve this target, the two delegations agreed to intensify the meeting. However, intersession-wide, [both] will continue the consultation process to facilitate the finalization of this negotiation," said Director of Bilateral Negotiations at Minister of Commerce, Made Marthini, who is also Chairman of Indonesia-Malaysia BTA negotiators in a written statement on Saturday (11/4/2017).
One of the key issues in the negotiations, Made added, is the list of exchanges of goods that are allowed in cross-border agreements.
"The list was prepared on inputs from the regions and related Ministries/Agencies based on parameters of purchasing power, inflation rate, basic needs, and economic growth of border communities," Made said.
To accelerate the completion of the BTA, both countries have exchanged documents of BTA attachment before the negotiation began.
"Another thing that is also discussed is the points in the border area that are allowed by the two countries as the entrance/exit in border trade. The discussion on this is almost complete," added Made.
This negotiation will result in the Border Trade Agreement as a legal umbrella for people living on the Indonesia-Malaysia border. The negotiation is a continuation of previous talks taking place on July 10-11, 2017 in Kuching, Malaysia.