The Indonesia Chamber of Commerce and Industry (Kadin) is attempting to attract more Malaysian investments and enhance trades particularly in the small, medium-sized enterprises (SMEs) sector between Malaysia and Indonesia.
Head of Kadin’s Malaysian Committee Tigor M. Siahaan said trade agreements and investments between Indonesia and Malaysia cover a wide range of areas. “We can still explore a lot of potentials to improve benefit for both parties,” Tigor said in a written statement, Thursday, September 8, 2016.
Kadin chairman Rosan P. Roeslani said the cooperation should initiate the optimization and acceleration of trade mission and business meetings in the two countries, particularly in the scope of SMEs.
Therefore, Kadin will help facilitate bilateral meetings between both business owners and the respective governments. “We will help bring strategic topics in order to develop policies to secure trade agreements,” Rosan said.
Malaysia is Indonesia’s sixth largest trading partner. As of 2015, Malaysia is estimated to have invested US$3.077 million in Indonesia.
Malaysia is also Indonesia’s second largest investor among ASEAN member states, the majority of which are investments in telecommunication, banking, plantations, hotels, restaurants, mining as well as oil and gas.