Matrade, Indonesian Counterparts To Sign MoU For Trade Platform Using AI

Malaysia External Trade Development Corporation (Matrade) will sign an MoU with Indonesian Chamber of Commerce and Industry to enhance bilateral trade between Malaysia and Indonesia including the implementation of digital platform that will allow quicker access and businesses verification with artificial technology (AI).

In a statement, Matrade said the agency has also stated its commitment to strengthen regional trade cooperation especially with Indonesia.

This is the following the meeting between Matrade delegation, led by its chairman Datuk Seri Reezal Merican Naina Merican with its counterparts, Indonesian Chamber of Commerce and Industry (Kadin) in Jakarta today (Nov 7).

Reeza was accompanied by Matrade chief executive officer Datuk Mohd Mustafa Abdul Aziz, and was welcomed by Indonesia’s International Relations vice chairman Bernandino Vega and Trade chairman Juan Permata Adoe, as well as Kadin senior officers.

In the meeting, Reezal said he appreciates the close relationship between Malaysia and Indonesia as strategic partners that benefitted both countries in various areas especially in trade.

He said, for example, the agencies are also the lead bodies in promoting bilateral trade between and Malaysia to discuss various issues including efforts to strengthen trade and enhanced the potential of the Halal industry in both countries.

Indonesian president Joko Widodo’s recently visit Malaysia where he signed Cooperation Memorandum (MoC) for Halal certification acknowledgement between The Department of Islamic Development Malaysia (Jakim) and Indonesia’s The Halal Product Assurance Organizing Agency (BPJPH).

Aside from that, Reezal said among other matters raised is the potential trade and market for Malaysia especially relate to the development Indonesia’s new capital city, Ibu Kota Nusantara (IKN) in Kalimantan.

Reezal also offered services and expertise of Malaysia’s industry players to contribute in the development of IKN whether through business-to-business or involving companies linked to the government.

“I would like to see Malaysia-Indonesia trade to continue to strengthen and elevated to the next level. I am confident that Matrade and Kadin’s existing cooperation will be beneficial to more entrepreneurs and businesses from both countries,” he said.

The meeting was part of the programme led by Reezal from Nov 5 to Nov 8, which was attended by Matrade’s trade commissioners and their deputies from Asean and Ocenia region.

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