EXCHANGE OF NOTES BETWEEN THE REPUBLIC OF THE PHILIPPINES AND THE REPUBLIC OF INDONESIA CONCERNING OTHER SUBJECTS DISCUSSED IN RELATION TO AGREEMENTS BETWEEN THE REPUBLIC OF THE…

Reference: This exchange of notes is also published in VIII DFA TS No. 1, p. 87.

DEPARTMENT OF FINANCE

Manila, 30 May 1969

Excellency:

In addition to the agreements we have today reached
on a wide range of subjects, my Government has taken note of the
following additional subjects we discussed:

1. The prospect of Philippine entities purchasing Indonesian corn and
cattle. On our part, we will contact the proper parties in the Philippines who
may be interested in such trade possibilities and endeavor to remove any
barriers that may now restrict such trade.

2. Your panel’s invitation to consider possible joint ventures within your
Investment Law in the area of integrated cattle and poultry industry in view of
the abundance of corn supply as a basic feed ingredient in Indonesia and the
presence in the Philippines of capable entrepreneurs and managers in these
industries s& well as of quality breeds of livestocks. Again, we propose to
contact the proper parties in the Philippines and endeavor to remove any
barriers to such joint ventures.

We have taken note of your agreement to take up
these matters again if a more definite interest is evinced by the proper
Philippine and Indonesian entities.

Accept, Excellency, the renewed assurances of my highest consideration.

(Sgd.) ROMAN A. CRUZ, JR.
Chairman, Philippine Panel

His Excellency
MOHAMMAD SISMAN
Chairman, Indonesian Panel