SURABAYA, April 10 (Bernama) -- A memorandum of understanding (MoU) will be signed between young entreprenuers of Malaysia and Indonesia covering 33 businesses.

SME Corp Malaysia Chief Operations Officer Rohana Ramly said the 50,000-member Himpunan Pengusaha Muda Indonesia (HIPMI) wished to foster close ties with young entreprenuers from Malaysia.

"International Trade and Industry Minister Datuk Seri Mustapa Mohamed has asked SME Corp Malaysia to facilitate the MoU. We are very serious about following up on the MoU. We will pick a Malaysian counterpart for HIPMI, which is an organisation, as we are a government agency," she told Bernama here.

Rohana was here on a two-day delegates visit by small and medium entreprenuers (SME) from Malaysia under the guidance of SME Corp Malaysia and Halal Development Corporation to Surabaya and East Jawa, headed by Mustapa.

"We also want PKS entreprenuers from Malaysia to learn the best practices of PKS Indonesia and also share their experiences with their counterparts from Indonesia," he said.

She said the matching of PKS entreprenuers in the same sectors with their counterparts from Surabaya and East Jawa on Monday would enable both parties to identify possible two way trades or joint ventures in Malaysia or Indonesia.

She said the PKS entreprenuers of Malaysia and Indonesia would no longer be competitors with the cooperation but would be complementary in turning out products for a bigger market in Asean and outside the region.

Surabaya and East Jawa had many potentials for PKS entreprenuers from both countries in the food, drinks and vegetable production sectors and also in logistics, oil and gas, she added.

-- BERNAMA