Indonesia and Korea Enhanced the Bilateral Cooperation on Competition Law and Policy.
Commission for Supervision of Business Competition (KPPU) and Korea Fair Trade Commission (KFTC) conducted the First Joint Dialogue on Cooperation Arrangement in order to improve cooperation among the two parties on the field of competition law and policy. The Bilateral Meeting held on March 21st, 2017 in the office of Korea Fair Trade Mediation Agency in Seoul, South Korea. The KFTC delegations were led by Chairman Jaechan Jeong, while KPPU delegations were led by Chairman Dr. Muhammad Syarkawi Rauf. The meeting also attended by Trade Attache and Second Secretary of Economic Affairs of Indonesian Embassy in Seoul.
The meeting discussed several agendas, namely the recent development and future changes in regulation in competition law and policy, discussion on subcontract policy and enforcement in Korea, and future plan to enhance cooperation of both agencies. KPPU and KFTC found that the Cooperation Agreement very useful in order to enhance the understanding of competition law and policy through capacity building and intensive dialogue, such as internship, workshop and expert assignment on various activities in Indonesia and Korea. The cooperation agreement will be accomplished at the end of 2018, but both agencies agreed to extend the cooperation and enhance the level of intensity into more strategic cooperation, especially through the Regional Comprehensive Economic Partnership (RCEP). Both agencies also agreed on the importance to strengthened cooperation through several activities such as working level exchange and sharing experiences on partnership supervision, food sector regulation, hearing process and merger.
The First Joint Dialogue held as part of the Cooperation Agreement between KPPU and KFTC that was signed on 8 November 2013 and valid for 5 years. The agreement governs the agencies commitment on competition law and policy through several aspects, that includes law enforcement notification, joint dialogue, communication and technical cooperation. The joint dialogue among the two chairmen was implemented in order to exchange information and to discuss recent issues on competition in both countries.
During the visit to South Korea, KPPU also gave lecture on Indonesia’s Development on Competition Law and Policy to Korea’s businesses, facilitated by Korea Competition Federation. KPPU also conducted meeting with KOSBI (Korea Small Business Institute), KBIZ (Korea Federation SMEs), and visit the Noryangjin Market dan Garak Market, the biggest wholesale market in Korea for fish and agricultural commodities.