Indonesian, Singaporean FMs discuss bilateral cooperation

Foreign Minister of Indonesia Retno Marsudito and her Singaporean counterpart Vivian Balakrishnan on March 25 held talks to discuss the countries’ cooperation during the latter’s visit to Indonesia.
Indonesian, Singaporean FMs discuss bilateral cooperation ảnh 1At the talks (Photo: Ministry of Foreign Affairs of Indonesia)
Jakarta (VNA) – Foreign Minister of Indonesia Retno Marsudi and her Singaporeancounterpart Vivian Balakrishnan on March 25 held talks to discuss thecountries’ cooperation during the latter’s visit to Indonesia.

They focused theirdiscussions on the preparation of the upcoming meeting between Indonesian PresidentJoko Widodo and Singaporean Prime Minister Lee Hsien Loong and exchanged viewson regional and international issues.

Regarding investmentcooperation, Marsudi underlined the Bilateral Investment Agreement (PIB) whichtook effect earlier this month.

Singapore is one of Indonesia’smain investors, with total direct investments amounted to 9.8 billion USD in2020, an increase of 50 percent from the previous year despite the pandemic.

On travel and tourism recovery,the Indonesian FM laid stress on the existing Travel Corridor Arrangement (TCA)between the two countries that facilitates official and essential trips. Theopening of borders for tourism purposes is the next issue for discussion, she said.

The two FMs alsodiscussed the implementation of the ASEAN Outlook on the Indo-Pacific (AOIP).The Indonesian FM emphasised the importance of ASEAN in widening cooperationwith all partners in implementing the AOIP, saying that comprehensive cooperationis key.

The Singaporean FMhighlighted the two countries’ partnership, saying cooperation remainswell-established even in the midst of the pandemic and will also continue to beenhanced in an effort to ensure post-pandemic economic recovery./.
VNA

See more

The RoK's Finance Minister Choi Sang-mok speaks at a trilateral meeting with his Japanese and Chinese counterparts in Georgia. (Photo: Yonhap)

ASEAN+3 to create new financing facility against regional crises

The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.

Thailand to apply VAT on imports sent via post

Thailand to apply VAT on imports sent via post

The Customs Department of Thailand is scheduled to commence the collection of value-added tax (VAT) on imported goods sent via postal services, regardless of the goods value, starting in May.
Malaysia asserts pioneering role in halal industry

Malaysia asserts pioneering role in halal industry

Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
ASEAN Future Forum 2024 enters first session

ASEAN Future Forum 2024 enters first session

The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
ASEAN youth empowered to unleash potential: ASEAN chief

ASEAN youth empowered to unleash potential: ASEAN chief

ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
ASEAN bolsters intellectual property cooperation

ASEAN bolsters intellectual property cooperation

The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.