Sign up | Log in



Home  >>   Daily News  >>   Indonesia  >>Ties  >> RI, Malaysia step up relations ahead of AEC
NEW UPDATES Asean Affairs  22 April  2015  

RI, Malaysia step up relations ahead of AEC

Indonesia and Malaysia will step up bilateral cooperation in trade and investment to enable the two neighboring countries to fully benefit from the establishment of the ASEAN common market later this year.

“Bilateral economic relations between Malaysia and Indonesia are important because Indonesia is the largest country in ASEAN in terms of population and size of economy. We think Indonesia has the chance to frame the future of ASEAN,” Malaysian International Trade and Industry Minister Mustapa Mohamed said in Jakarta on Monday.

Mohamed said the plan to enhance economic relations between the two countries had also been mentioned when President Joko “Jokowi” Widodo visited Kuala Lumpur last February to reciprocate for Malaysian Prime Minister Najib Rajak’s visit to Jakarta in October last year.

According to Mohamed, enhancing economic relations between Malaysia and Indonesia will not be difficult as both countries already have a close relationship, especially in trade.

“Last year, the total value of trade between Malaysia and Indonesia reached US$20 billion, but it decreased by more than 5 percent from a year earlier. That is why we want to find a way to improve the trade situation in a win-win solution,” Mohamed said. Based on Indonesia’s Central Statistics Agency data, bilateral trade between the two nations reached $20.61 billion in 2014, a slight decrease from $23.98 billion in 2013.

ASEAN, which has 10 member countries and a population of more than 600 million people, is set to launch the ASEAN Economic Community (AEC) to integrate ASEAN as a single market and production base.

As part of the plan, Mohamed said Indonesia’s Trade Minister Rachmat Gobel had agreed with him to arrange a special meeting in the near future for both countries’ ministers, as well as business associations, to discuss further efforts.

Among the sectors to be discussed thoroughly are trade in commodities, in which both countries are world players with ones like natural rubber, palm oil and cocoa. “As the commodity prices fell due to the weakening global demand, it is important for Malaysia and Indonesia to collaborate in seizing opportunities to boost our trade. However, any strategy that will be taken should not violate international trade agreements,” Mohamed said.

In addition, Mohamed said the Indonesian government had recently improved many things related to the procedures of doing business, saying “Malaysian entrepreneurs praise the Investment Coordinating Board’s initiative to establish an online one-stop service for permits.”

As the ASEAN Chair, Malaysia also prioritizes several goals to be achieved before the AEC implementation, especially negotiating and orchestrating efforts to reduce non-trade barriers and promote standardization for trade goods, Mohamed said - See more at:

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           April  22 , 2015 Subsribe Now !
• Housing stimulus disbursement stagnates  Subcribe: Asean Affairs Global Magazine
• RI, Malaysia step up relations ahead of AEC
• HAITE Group opens S$95.3m aviation training facility in Singapore
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Banks set moderate growth target for corporate loans
• Tourism licences to go online
Asean Analysis                   April 17, 2015
• Asean Analysis April 17, 2015
Thailand and the United States Need Better Communication
Advertise Your Brand

Asean Stock Watch  April  21,  2015
• Asean Stock Watch-April  21, 2015
The Biweekly Update
• The Biweekly Update April  17, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand