AKIPRESS.COM - Malaysia and Indonesia will hold their second joint trade and investment committee meeting, after a lapse of eight years, says New Straits Times.

The International Trade and Industry Minister Datuk Seri Mustapa Mohamed leads the Malaysian delegation to Jakarta for the meeting, which will be co-chaired with his counterpart Thomas Trikasih Lembong.

On the table are cross border trade and export of halal products to Indonesia.

Indonesia is Malaysia's seventh largest trading partner and the third largest among the Asean countries.

However, in terms of investment, Indonesia is an important destination for Malaysian investors. Its investment in Indonesia stood mostly in key sectors such as oil palm plantation sector, banking, oil and gas, telecommunications and construction in 2015.

Last year, Malaysia stood as the second largest investor in Indonesia with a total investment of US$3.1 billion, behind Singapore (US$.9 billion).

The first joint trade and investment committee meeting was held in Kuala Lumpur on 15 October, 2008.