Selanjutnya

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A G R E E ME N T

BETWEEN

THE GOVERNMENT OF THE REPUBLIC OF INDONESIA

A ND



THE GOVERNMENT OF THE KINGDOM OF BELGIUM

RELATING TO THE GRANTING OF FINANCIAL ASSISTANCE BY

THE GOVERNMENT OF THE KINGDOM OF BELGIUM TO THE

GOVERNMENT OF THE REPUBLIC OF INDONESIA

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AGREEMENT
BETWEEN
THE GOVERNMENT OF THE REPUBLIC OF INDONESIA
AND
THE GOVERNMENT OF THE KINGDOM OF BELGIUM
RELATING TO THE GRANTING OF FINANCIAL ASSISTANCE BY

THE GOVERNMENT OF THE KINGDOM OF BELGIUM
TO THE GOVERNMENT OF THE REPUBLIC OF INDONESIA

------------------------------------------------------------The Government of the Kingdom of Belgium and the
Government of the Republic of Indonesia ;
Considering the establishment in 1967 of an Intergovernmental Group on Indonesia (hereafter called

11

the Group

11

)

with the purpose to contribute to the economic development of the
,

Republic of Indonesia ;
Considering that Belgium participates in the activities

of the Group since its establishment ;
Considering that under the provisions of the Act dated 3rd
June, 1964, amended by the Royal Act No. 75 dated the 10th November
1967, the Minister of Finance of the Kingdom of Belgium and the
Minister who is in charge of External Trade Relations, are given
powers to grant loans to foreign States ;
Desiring that the financial assistance provided for in
the present Agreement should be made available within the framework
of the joint co-operation undertaken by the members of the Group

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with a view to facilitate the implementation of the Programme
relating to the Development Plan of the Republic of Indonesia ;

Desiring that the financial aid will contribute to
the expansion of the trade relations between Belgium and
Indonesia ;
Have agreed on the following
:
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Article

1

Payments
1.

The Government of the Republic of Indonesia shall be
granted by the Government of the Kingdom of Belgium
financial assistance in the form of a non-interest


bearing loan amounting to three hundred twenty five
(325) million Belgian Francs.

2.

This financial assistance shall be made available to
the Government of the Republic of Indonesia through one
payment which shall be made in Belgian Francs into an
account in the name of the Bank Indonesia opened with
the National Bank of Belgium.
This payment will be effected as soon as possible, after
the formalities as provided under Article 7 of the
present Agreement have been complied with.

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Article

2

Repayments

1. The loan granted under this Agreement shall be repaid by
the Government of the Republic of Indonesia to the
Government of the Kingdom of Belgium in twenty installments,
each amounting to sixteen million two hundred fifty thousand
(16.250.000) Belgian Francs.
2.

Such repayments shall be effected in Belgian Francs at
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Brussels to the National Bank of Belgium in its capacity as
treasurer to the Belgian State ; they shall be effected
annually on the 31st December of each year and initially on
the 31st December 1989.

Article

3

Utilization of the loan

The financial assista·nce provided under this Agreement
shall be used by the Government of the Republic of Indonesia for
the purchase of Belgian goods and services within the framework
of the Development Programme of the Republic of Indonesia.
The technical procedures for implementing the provisions
of this Article shall be determined jointly by an exchange of
letters between the Government of the Kingdom of Belgium and
Government of the Republic of Indonesia.

エィセ@

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Article

I

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4

Payments effected in accordance with this Agreement
for settlement of the principal shall be free of all existing
or future charges or taxes of whatever description, for which
such payments could be liable under any legal provisions or
regulations of whatever description of the Kingdom of Belgium
and of the Republic of Indonesia respectively.

Article
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5

For the transportation of the goods purchased under
the terms of the present agreement then Belgian carriers will
in no way be discriminated against Indonesian transporters.

Article


6

The National Bank of Belgium and the Bank Indonesia
acting as agents of their respective Governments, shall by
joint Agreement take the technical measures required for the
implementation of the provisions of this Agreement.

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5

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Article 7

The provisions of this Agreement shall become
effective at a date to be determined by an exchange of notes
establishing that the formalities requi-red by the national
legislation of each of the Contracting Parties for the

implementation of this Agreement have been complied with.

IN WITNESS WHEREOF the undersigned, duly empowered
to this end, have affixed their signatures to this Agreement.

Done at Jakarta, on the second of November nineteen
hundred seventy eight in two originals in English language.

FOR THE GOVERNMENT OF THE
••
REPUBLIC OF INDONESIA
Signed

MOCHTAR KUSUMAATMADJA
Minister for Foreign Affairs

FOR THE GOVERNMENT OF
THE KINGDOM OF BELGIUM :

Signed


t4. VAN ROEY
Ambassador of Belgium .

1000 BRUXELLES, le
rue Quatre Bras. 2 -

Tel.: 513.62.40

MINISTERE DES AFFAIRES ETRANGERES,
DU COMMERCE EXTERIEUR ET DE LA
COOPERATION AU DEVELOPPEMENT

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.. ...

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PROCURATION
En vertu des pouvoirs qui lui sent conferes
par l'Arrete royal n° 75 du 10 novembre 1967 modifiant
la lei du 3 juin 1964, laquelle modifie l'arrete royal
n° 42 du 3 aoat 1939 reorganisant !'Office National
du Ducroire, autorisant le Ministre des Finances et
le Ministre qui a les Relations commerciales exterieures dans ses attributions a consentir, conjointement, des pret·s a des Eta ts OU a des organismes
etrangers ayant obtenu la garantie ee leur gouvernement, de leur banque centrale ou d'une institution qui execute la politique de developpement d'un
Etat etranger,
Le soussigne donne procuration a Monsieur
M. VAN ROEY, Ambassadeur de Belgique a Djakarta,
pour signer, en son nom, l'accord avec le gouvernement de la Republique d'Indonesie, relatif a l'octroi
d'une aide financiere de trois cent vingt cinq millions de francs a l'Indonesie pour l'annee 1978.

Fait

a

Bruxelles, le
.

26 -9-1978
Le Ministre du Commerce Exterieur,

h・セ@

de BRUYNE.
Signed

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PROCURATION

En vertu des pouvoirs qui lui sont conferes par la loi du 3 juin 1964 et
l'arrete royal du 10 novembre 1967, modifiant l'arrete royal n° 42 du

31 aout 1939 reorganisant l 'Office National du Ducroire et autorisant le
Ministre des Finances et le Ministre qui a les Relations commerciales

a consentir des prets a des Etats
procuration a M. M. VAN ROEY,

Exterieure s dans ses attributions
etrangers, le soussigne donne
Ambas sadeur de Belgique

a Djakarta,

pour signer, en son nom, l 1accord

entre le Gouvernement du Royaume de Belgique et le Gouvernement de
la Republique d 'Indonesie relatif
millions de francs

a l'Indonesie

a l 'octroi

d 1 une aide financiere de 325

au titre de l 1 annee 1978.

Donne

a Bruxelles,

lセinstre@

le 4 _

septernbre 1978.

DES FINANCES,

Signed

" G. GB'ENS.

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AMBASSADE
VAN
BELGIE

Jakarta, November 2, 1978.

Excellency,
Referring to the Agreement between the Government of
the Kingclom of Belgium and the Government of the Republic of
Indonesia relating to the granting of financial assistance by the
Government of the Kingdom of Belgium to the Government of the
Republic of Indonesia, signed at Jakarta on November 2, 1978, I
have the honour to inform you that the amount of 325 million Belgian
Francs mentioned in the Agreement shall be used for payment in
foreign currency of Belgian goods and services which will be
utilized for the realization by Belgian firm of projects approved by
the Indonesian Government.
Aforesaid amount can also be used for payment in foreign
currency of Belgian goods and services needed for the realization of
projects executed in cooperation with international financial institutions.
I should be grateful if you would kindly confirm that
Your Government agrees with theseprovisions.
I avail myself of this opportunity to renew to Your Excellency
the assurances of my highest consideration.
Signed

His Excellency
Minister for Foreign Affairs
of the Republic of Indonesia.

Ambassador of Belgium

AMBASSADE
VAN
BELG IE

Jakarta, November 2, 1978.



Excellency,
In conformity with Article 7 of the
Agreement between the Government of the Kingdom of
Belgium and the Government of the Republic of
Indonesia relating to the granting of financial
assistance by the Government of the Kingdom of Belgium·
to the Government of the Republic of Indonesia, signed
in Jakarta on November 2, 1978,I have the honour to
inform Your Excellency that the formalities required
by the legislation of Belgium for the enforcement of
the Agreement have been duly complied with.
Consequently, I would propose that the date
of entry into effect of the Agreement be fixed as today's
date.
I avail myself of this opportunity to renew to
Your Excellency the assurances of my highest consideration.

Signed

His Excellency

Minister for Foreign Affairs
Republic of Indonesia.

Ambassador of Beloium
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AMBASSADE
VAN
BELGIE

Jakarta, November 2, 1978.


Excellency,
セ セj ゥエィ@

a view to implementing the provisions of article 3 of

the Agreement reached today between the Government of the Kingdom of
Belgium and the Government of the Republic of Indonesia, I have the
pleasure in sugqesting that the following technical procedures be
adopted :
l.

The sums in Belgian Francs made available to article l (there-

inafter referred to as "sums in Belgian Francs") shall be used solely
for payments in favour of persons and firm whose trading activity is
located in Belgium, for Belgian goods supplied or services rendered,
effected in compliance with contractsconcluded, after the date of
signature of the above mentioned Agreement.
2.

In execution of item 1 the Bank Indonesia (Central Bank) or

the Indonesian Foreign Exchange Banks designated by Bank Indonesia
will issue "Letter of Credit" (L.C.) on Belgian Banks in favour of
persons and firm as mentioned in item 1.
All Belgian Banks which are entitled to mediate in the payment of export transaction of Belgian goods or services may be taken
into account when issuing L.C.

His Excellency
Minister for Foreiqn Affaris
of the Republic of Indonesia.
セᄋ@

AMBASSADE
VAN
BELG IE:



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Above mentioned L.C. shall contain i.e. the following
data as well as the conditions to be complied with :
a) supply of certificates of Belgian origin



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b) the nature of the goods supplied and also the relevant item
numbers of the customs tariff of Indonesia ;
c) referrences of the contract or commercial invoices ;
d) previous approval by the Belgian Ministry of Foreign Affairs,
External Trade and Development Cooperation, General Direction
of External Relations.
3.

The L.C. shall mention the payment terms according to which

the Belgian Banks are entitled to obtain payment from the special
account opened with the National Bank of Belgium.
To this end a separate arrangement will be concluded between
the National Bank of Belgium and the Bank Indonesia.
I should be grateful if you would kindly confirm that Your
Government agrees with these provisions.
Please accept, Excellency, the assurances of my highest
consideration.
Signed

Ambassador of Belgium.