Malaysia: Malaysia, Indonesia aim to double trade value

  • Aug 08, 2016

Malaysia: Malaysia, Indonesia aim to double trade value

Tue, August 2, 2016 – Malaysian Prime Minister Najib Bin Haji Tun Abdul Razak has said he wants to double trade with Indonesia to US$30 billion in the coming years.

Last year, trade between the two countries was valued at $16.6 billion. As of April this year, trade value reached $4.58 billion.

“Malaysia is Indonesia’s second best investor and we want to boost trade to reach $30 billion in the following years,” Najib said during a visit to the State Palace on Monday.

To meet the target, the two countries agreed to revitalize the Joint Trade and Investment Committee (JTIC) agreement, enhance business-to-business communication and expand market access. Read More?