Two countries agreed to start negotiations on the formation of a preferential trade agreement (PTA) in 2024.
President Joko “Jokowi” Widodo said that the Government of the Republic of Indonesia and the Government of the United Republic of Tanzania have agreed to strengthen cooperation in various fields, including trade, investment, human resource development, and health.
“The friendship between Indonesia and Tanzania is further strengthened today with President Samia’s visit to Indonesia. We have agreed to continue providing concrete cooperation in various fields,” said President Jokowi in a joint press statement with President of Tanzania Samia Suluh Hassan, at the Bogor Presidential Palace, West Java.
In the trade sector, said the President, “the two countries agreed to start negotiations on the formation of a preferential trade agreement (PTA) in 2024. A preferential trade agreement (PTA) will be formed to increase trade and the negotiations will be launched this year”.
Regarding investment, the two countries are committed to strengthening cooperation in the oil and gas sector. President Jokowi said that the state-owned oil and gas company PT Pertamina had expanded cooperation in the Mnazi Bay oil and gas block and conducted training for employees of the Tanzania Petroleum Development Corporation (TPDC).
“In the future, Indonesia hopes that negotiations between Medco Energi for LNG cooperation and SSA (Sinka Sinye Agrotama) investment plans in the fertilizer sector can be realized soon. I have also conveyed the importance of establishing a bilateral investment treaty to protect investment between the two countries,” added President.
In the field of development cooperation, President Jokowi said that Indonesia is committed to increasing cooperation in human resource capacity and implementing digital-based systems.
“Indonesia is committed to increasing cooperation in revitalizing the Farmer’s Agriculture and Rural Training Center (FARTC) in Morogoro, training human resources in the oil and gas and agriculture sectors, and implementing the National Single System,” he said.
