The issue was discussed between Commerce and Industry Minister Anand Sharma and Indonesian Trade Minister Gita Wirjawan in Jakarta.
Sharma is in Indonesia with Prime Minister Manmohan Singh on a two-day visit.
"The Indonesian Minister assured a constructive review of its policy," an official statement said.
Both sides also expressed the need for initiating negotiations on bilateral free trade agreement.
On the forthcoming meeting of WTO in Bali in December, both the nations agreed that in order to maintain the importance of the multilateral trading system, a positive conclusion of negotiations is essential.
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Further, it said that Sharma called for more cooperation in the areas of renewable energy, health and pharmaceuticals.
A delegation of Indian CEOs had also visited Jakarta yesterday and met Indonesian industry leaders at the first India-Indonesia CEOs Forum.
The CEOs from both the sides agreed to promote business to business contacts in sectors like IT, mining and infrastructure, power, manufacturing, construction and services.
The bilateral trade between India and Indonesia stood at USD 20.2 billion in 2012-13, with imports by India at nearly USD 15 billion.