Indonesia, Singapore bolster trade, economic cooperation
Singaporean Minister of Trade and Industry Iswaran is visiting Indonesia from April 24-26 to enhance bilateral economic cooperation and seek more business opportunities for Singaporean firms, especially small and medium ones.
National flags of Indonesia and Singapore. (Source: crossed-flag-pins.com)
Jakarta (VNA) – SingaporeanMinister of Trade and Industry Iswaran is visiting Indonesia from April 24-26to enhance bilateral economic cooperation and seek more business opportunitiesfor Singaporean firms, especially small and medium ones.
During his stay, Iswaran met with Indonesian Minister for Energy and MineralResources Ignasius Jonan, Minister of Industry Airlangga Hartarto andNurhajizah, Deputy Governor of North Sumatra.
The two sides affirmed hope to promote sustainable bilateral ties and evaluatedprospects for economic cooperation expansion in energy, tourism,in✨frastructure, vocational training and digital technology.
The Singaporean official is scheduled tovisit the East Ventures Hive in Jakarta, the co-working space of Indonesia’s start-upcompanies.
Singapore is currently the third largest trade partner and one of the biggestinvestor🐎s of Indonesia. Bilateral trade last year hit🎃 56.1 billion SGD (37billion USD).
Besides, the two countries are each other’smajor tourism markets, with about 2.9 million Indonesians coming to Singaporein 2016.
Indonesia and Singapore a𝄹re celebrating the 50th anniversary of diplomaticrelations this year.-VNA
Singaporean Foreign Minister Vivian Balakrishnan and his Indonesian counterpart Retno Marsudi have discussed key steps to boost multifaceted cooperation between the two countries.
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The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
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The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
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The proposed giant sea wall aligns with bilateral cooperation and has been designated a national priority, considering that several regions in Indonesia are experiencing land subsidence of 10–15 centimetres per year.
International flights were cancelled including Jetstar and Virgin Australia flights to cities across Australia, and flights of Air India, Air New Zealand, Singapore's TigerAir and China's Juneyao Airlines.
The partnership aims to strengthen collaboration in the exploration and exploitation of mineral resources, including gold, copper, and manganese, as well as in the development of steel, aluminum, and renewable energy industries.
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National flags of Indonesia and Singapore. (Source: crossed-flag-pins.com) 
