Illustration ( Rizal)
Illustration ( Rizal)

RI, Colombia to Undertake Joint Feasibility Study on Market Access

English indonesian economy (en)
Antara • 14 November 2019 19:10
Jakarta: Indonesia has agreed to initiate a Joint Feasibility Study (JFS) with Colombia under its efforts to tap avenues for increasing access of several Indonesian export goods to the Colombian market.
The two nations reached the agreement during the Preparatory Meeting of the Indonesia-Colombia Future Trade Agreement held recently in Bogota, Colombia.
"The joint feasibility study will be conducted to explore the possibility of deepening access of several Indonesian export goods to the Colombian market," Director of Bilateral Negotiations of the Indonesian Trade Ministry Made Marthini noted in an official statement released on Thursday, November 14, 2019.

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To conduct the joint feasibility study, Indonesia and Colombia also reached an agreement on the terms of reference for the joint feasibility study due to be completed in June 2020.
"The terms of reference for the joint feasibility study constitute the manifestation of the high-level of commitment of the two countries' delegations. The outcomes of the study will come in the form of a recommendation for the trade minister to sign the Indonesia-Colombia trade agreement," the Indonesian official stated.
According to her, this achievement is a positive step within the framework of the Indonesian government's active approaches to traditional markets in Latin America.
Moreover, the achievement is attributable to the support of the Indonesian Embassy in Bogota and the Colombian Embassy in Jakarta that followed up on communication between the trade ministers of both nations. (Antara)


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