The Renville Agreement between the Netherlands and Indonesia is ratified.

The Renville Agreement was a United Nations Security Council-brokered political accord between the Netherlands, which was seeking to re-establish its colony in Southeast Asia, and Indonesian Republicans seeking Indonesian independence during the Indonesian National Revolution. Ratified on 17 January 1948, the agreement was an unsuccessful attempt to resolve the disputes that arose following the 1946 Linggadjati Agreement. It recognised a cease-fire along the Status Quo Line or so-called "Van Mook Line", an artificial line that connected the most advanced Dutch positions.

The Netherlands, informally Holland, is a country in Northwestern Europe, with overseas territories in the Caribbean. It is the largest of the four constituent countries of the Kingdom of the Netherlands. The Netherlands consists of twelve provinces; it borders Germany to the east and Belgium to the south, with a North Sea coastline to the north and west. It shares maritime borders with the United Kingdom, Germany, and Belgium. The official language is Dutch, with West Frisian as a secondary official language in the province of Friesland. Dutch, English, and Papiamento are official in the Caribbean territories. People from the Netherlands are referred to as Dutch.

Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania, between the Indian and Pacific oceans. Comprising over 17,000 islands, including Sumatra, Java, Sulawesi, and parts of Borneo and New Guinea, Indonesia is the world's largest archipelagic state and the 14th-largest country by area, at 1,904,569 square kilometres. With over 280 million people, Indonesia is the world's fourth-most-populous country and the most populous Muslim-majority country. Java, the world's most populous island, is home to more than half of the country's population.