Jakarta, IORA - "Indonesia hopes that the cooperation projects between Indonesia and Singapore will soon be realized as the result of the agreement made on last Leader's Retreat," RI Foreign Affairs Minister Retno Marsudi said after a bilateral meeting with Singaporean Senior Minister of State Mohamad Maliki bin Osman held on the sidelines of IORA Council of the Ministers' Meeting 2017.
On this occasion, Minister Retno said that bilateral ties between Indonesia and Singapore were in a good shape, especially following the inauguration of Kendal Industrial Estate by the two countries in November last year.
"We discussed the importance of efforts to increase cooperation in Batam, Bintan, and Karimun given the partnership potential in the digital economy is growing rapidly in Batam," said Minister Retno.
In addition to discussing the economic cooperation, the two Ministers also discussed a series of activities to celebrate the 50th anniversary of Indonesia-Singapore diplomatic ties. "The Golden Jubilee is an opportunity to further foster a close partnership of both countries. Our embassy in Singapore has established good coordination for the success of this celebration" she said.
As for the political and security cooperation, Minister Retno reiterated Indonesia’s commitment to increase cooperation especially in countering terrorism, drug and human trafficking. She also bring Indonesia's commitment to the regional level through the strengthening of ASEAN’s unity and centrality.
Singapore is Indonesia’s 5th largest trading partner after China, the United States, Japan, and India. In 2016, the total of bilateral trade between the two countries reached US$ 25.79 billion.
Singapore's investment in Indonesia in 2016 reached US$ 9.2 billion (1932 projects), which makes Singapore as Indonesia's top foreign investor in the past five years.
Singapore has also become Indonesia’s biggest contributor of foreign tourists which in 2015 totaled 1,519,430 million people, or increased by 0.014% from the previous year.
Source: Ministry of Foreign Affairs