Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed said Malaysia is committed to increasing investments in Indonesia. In line with this, he said both countnries will propose ways to boost trade, including potential ventures in new areas of collaboration, such as the digital economy and Micro Small and Medium Enterprises (MSMEs). He added that both government would further discuss the proposals at the Joint Investment and Trade Committee Meeting next month in Kuching.
Datuk Seri Mustapa concluded a working visit to Indonesia from last week, and the highlight was a roundtable session attended by 80 business leaders from both countries. The session was also attended by representatives of the Malaysia-Indonesia Business Council and Khazanah Nasional, along with their Indonesian counterparts.
“Indonesia’s US$1 trillion economy with a 250 million population and growing middle class has a lot of potential, which once fully tapped, will contribute significantly towards creating a more prosperous ASEAN,” he said.
Malaysia-Indonesia total trade stood at US$13.8 billion in 2016. On the investment front, from 2008-2016, Malaysia invested about US$15 billion in Indonesia. Indonesian investments in Malaysia stood at about US$2.6 billion.