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MEMORANDUM OF UNDERSTANDING
BETWEEN
THE NATIONAL AGENCY FOR EXPORT DEVELOPMENT (NAFED)
THE DEPARTMENT OF TRADE
OF THE REPUBLIC OF INDONESIA
AND
JAMAICA TRADE AND INVEST (JTI/JAMPRO)
THE MINISTRY OF INDUSTRY AND COMMERCE
OF JAMAICA
ON
THE ESTABLISHMENT OF A PRACTICAL FRAMEWORK FOR
THE DEVELOPMENT OF BUSINESS RELATIONS

The National Agency for Export Development (NAFED), the Department of Trade of
the Republic of Indonesia, and Jamaica Trade and Invest (JTI/JAMPRO), the Ministry
of Industry and Commerce of Jamaica, hereinafter referred to as "the Parties";
TAKING INTO ACCOUNT the Agreed Minutes of the 1st meeting
Jamaica/Indonesia Joint Commission, signed at Kingston on April 1, 2003;

of the

REFERRING TO the Basic Agreement for Economic, Scientific and Technical
Cooperation between the Government of the Republic of Indonesia and the
Government of Jamaica, signed at Kingston on January 21, 1994;
DESIRING TO strengthen business relations and develop reciprocal cooperation
between their respective countries;
PURSUANT TO the prevailing laws and regulations in their respective countries;
HAVE AGREED as follows:

ARTICLE 1
Purpose
The purpose of this Memorandum of Understanding is to establish a practical
framework for the development of stronger business relations between the two Parties,
and to set forth the procedures of cooperation, which can enhance the implementation
of reciprocal economic objectives.
·

ARTICLE 2
Scope of Work

The Parties will undertake the following functions:

(a) Promote and facilitate economic cooperation among their business communities to
their mutual benefit, and in accordance with the laws and regulations of their
respective countries;
(b) Encourage economic discussion and the exchange of trade delegations and
experts and support the follow up of such visits;
(c) Coordinate to establish a business network, which facilitates the circulation of
business opportunities available in their respective countries among Jamaican and
Indonesian companies;
(d) Encourage the flow of reciprocal economic information, trade data and statistics
and endeavour to make them accessible to companies within their respective countries
in order to facilitate trade contracts and activate joint projects. The Parties will also
encourage joint research activities whenever possible and required;
(e) Exchange publications, magazines, periodicals directories, laws and regulations
governing economic and business activities for their respective business communities;
(f) Organize and participate in trade fairs, exhibitions, conferences, seminars and other

similar activities held in their respective countries;
(g) Endeavour to reduce any obstacles that may hinder the growth of trade and
business, by identifying the barriers and finding the suitable solutions;
(h) Support the exchange of technical expertise and training opportunities between

their respective countries.

ARTICLE 3
Protection of Intellectual Property Right

Any activities under this Memorandum of Understanding resulting in intellectual
property shall be subject to the laws and regulations concerning the protection of
intellectual property rights in the respective territories of the Parties.

ARTICLE 4
Implementation

Activities described in this Memorandum of Understanding may be implemented
through the development of specific arrangements to be concluded by the Parties.

ARTICLE 5
Cost and Expense

Unless otherwise agreed, each Party shall bear the costs and expenses for its
participation in activities under this Memorandum of Understanding. The capacity of

each Party to carry out activities under this Memorandum of Understanding shall be
subject to the availability of funds, personnel and other resources.

ARTICLE 6
Dispute Settlement

Any dispute arising from the interpretation or implementation of this Memorandum of
Understanding shall be settled amicably through consultation or negotiation by the
Parties.

ARTICLE 7
Entry into force, Amendment and Termination

(a) For the purpose of implementing this Memorandum of Understanding the Parties
shall jointly review its provisions from time to time, taking into consideration new
matters that may necessitate introducing additional article, or amending existing ones;
(b) This Memorandum of Understanding may be amended at any time by the mutual
written consent of the Parties;
(c) This Memorandum of Understanding shall enter into force on the date of its signing
by the Parties and shall supersede the Memorandum of Understanding between the

National Agency for Export Development (NAFED), the Ministry of Industry and Trade
of the Republic of Indonesia, and Jamaica Promotion Corporation (JAM PRO), signed
at Jakarta on May 31st, 2001;
(d) This Memorandum of Understanding shall remain in effect unless either Party gives
at least six (6) months written notice to the other Party of its intention to terminate;

(e) The termination of this Memorandum of Understanding shall not affect the validity
of duration of any arrangements, activities or programmes which have been agreed
upon to the date of termination of this Memorandum of Understanding, unless the
Parties agree otherwise.
IN WITNESS WHEREOF, the undersigned have signed this Memorandum of
Understanding.
Done in duplicate at Jakarta on this 28th day of November in the year 2007 in the
English language.

FOR THE NATIONAL AGENCY
FOR EXPORT DEVELOPMENT
(NAFED) OF THE REPUBLIC OF
INDONESIA

Signed
TITI HENDRAWATI
ACTING CHAIRMAN
NATIONAL AGENCY FOR
EXPORT DEVELOPMENT
DEPARTMENT OF TRADE

FOR JAMAICA TRADE AND INVEST
(JTI/JAMPRO) OF JAMAICA

Signed
PAUL ROBOTHAM
UNDER-SECRETARY
BILATERAL AND REGIONAL AFFAIRS
MINISTRY OF FOREIGN AFFAIRS AND
FOREIGN TRADE