MEMORANDUM OF UNDERSTANDING BETWEEN THE TAIPEI ECONOMIC AND TRA-
DE OFFICE (TETO ), JAKARTA AND THE INDONESIAN ECONOMIC AND TRADE
OFFICE (IETO), TAIPEI ON MARINE AND FISHERIES COOPERATION

The Taipei Economic and Trade Office (TETO), Jakarta, and The
Indonesian Economic and Trade Office (IETO), Taipei, hereinafter
referred to as "Parties";

Considering the existing common desire for friendly cooperation
and enhanced relations between the Parties;

Realizing that marine and fisheries cooperation would lead to
common benefit on marine, fisheries and economic development of
the Parties;

Have agreed as follows:

Article 1
Purposes
The Purposes of this Memorandum of Understanding are:
a.To promote cooperation in the development of marine affairs
and fisheries industries;
b.To promote mutual consultation, exchange of technical assista-
nce and cooperative program on specific areas of marine and
fisheries.

Article 2
Areas of Cooperation
1.The Parties shall develop and pursue cooperation in the follo-
wing areas, inter alia:
a.Fishery industries, including those relating to capture fis-
heries and aquaculture;
b.Fish processing industry and marketing;
c.Education and training;
d.Exchange of information.
2.The Parties shall endeavor to consult on matters of mutual in-
terest prior to attending regional and international marine
and fisheries fora.

Article 3
Mechanism
1.The Parties shall exchange views on cooperative program for
immediate implementation;
2.The Parties, through consultation, shall determine in details
the cooperation schemes and ways of implementation for the ab-
ove mentioned areas of cooperation under Article 2;
3.The Parties shall provide support for the cooperative activit-
ies agreed upon hereafter pursuant to this Memorandum of Unde-
rstanding in accordance with the relevant policies, laws and
regulations applicable to each Party, within the limits of co-
mpetence and available financial resources;
4.Each Party shall designate a contact agency to carry out the
preparation and implementation of the contents under this Mem-
orandum of Understanding.

Article 4
Settlement of Disputes
Any differences or disputes that may arise between the Parties
relating to the implementation of this Memorandum of Understand-
ing will be settled amicably through consultation and negotiati-
on between the Parties.

Article 5
Entry into Force, Amendment, and Termination
1.This Memorandum of Understanding shall come into force upon
signature by both Parties and shall remain in force for five
years. It may be extended by written agreement of the Parties;
2.Any amendment to this Memorandum of Understanding can only be
made after mutual consent achieved by consultation and confir-
mation in writing by the Parties;
3.This Memorandum of Understanding may be terminated at any time
by either Party giving six months' prior notification in writ-
ing to the other Party;
4.The termination of this Memorandum of Understanding shall not
affect the validity and duration of any on-going project under
the areas of cooperation, until such time as the implementati-
on of the agreed project has been carried out to its completi-
on.

DONE in Jakarta, Indonesia on the thirteenth of April in the ye-
ar of two thousand four, in two original copies in the English
language, both texts being equally authentic.

FOR THE TAIPEI ECONOMIC AND FOR THE INDONESIAN ECONOMIC AND
TRADE OFFICE (TETO), JAKARTA TRADE OFFICE (IETO), TAIPEI

DAVID LIN ISKANDAR SABIRIN
Representative of the Taipei Chairman of the Indonesian
Economic and Economic and
Trade Office to Indonesia Trade Office to Taipei