Jakarta, Timor Leste to cooperate in small enterprises development

Wednesday, January 27, 2010 16:00 WIB | Economic & Business | | Viewed 221 time(s)

Jakarta (ANTARA News) - Indonesia and neighboring Timor Leste have formed a Joint Coordination Committee responsible for development of cooperatives, small and medium enterprises (CSMEs)in the two countries.

"The Joint Coordination Committee`s function is discussing and developing cooperation possibilities in the cooperatives, small and medium enterprises sector that can lead to the conclusion of pertinent accords," Cooperatives,d Small and Medium Enterprises Minister Sjarifuddin Hasan here on Wednesday.

He said the committee was formed on the basis of a joint agreement of the two countries on development of cooperatives, small and medium enterprises.

Sjarifuddin said the Joint Coordination Committee would be tasked to coordinate and monitor the implementation of follow-up programs and to consider the issues from the joint interest related to Cooperatives and Small and Medium Enterprises (KUKM) between the tow countries.

"The Committee will then periodically report to the related ministers who are responsible in the KUKM development," Sjarifuddin said.

He added that the Committee would meet once a year either in Indonesia or Timor Leste.

Earlier in the day here, Sjarifuddin and Timor Leste Minister for Economy and Development Joao Mendes Goncalves signed a memorandum of understanding (MoU) on cooperation in cooperatives and small and medium enterprises.

The cooperation would among other things cover information exchange on KUKM development policy program, national and international trade promotion, special exhibitions, trade cooperation, and creation of business partnership.

It also covers various KUKM opportunities to participate in trainings on managerial skills in technical field, and formal education on cooperative management field.

Both parties would also support each other to facilitate bilateral symposiums, seminars, conferences, workshops, and KUKM representative meetings, besides facilitating and supporting KUKMs to open market access in the two countries and other potential countries.(*)

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