17:35 | 31/07/2015 Global Economy
Singapore and Indonesia signed three agreements on July 28 in Singapore to foster their bilateral relations moving forward.
Indonesian President Joko Widodo (Photo: AFP/VNA)
The signing ceremony was witnessed by Singaporean Prime Minister Lee Hsien Loong and Indonesian President Joko Widodo, who is making his first official visit to Singapore from July 28 to 29.
One of the documents is a Memorandum of Understanding (MoU) on electronic government cooperation which will facilitate the sharing of experiences and knowledge on developing an e-government.
The others are an MoU on youth and sports cooperation and a strategic cooperation agreement, which aims to enhance economic affilliation the nations’ small- and medium-sized enterprises.
Singapore is currently the fourth biggest trade partner of Indonesia.
Since 2011, Singapore has been among the top five investors in Indonesia with 5.8 billion USD of investment in 2014.
The country has also been one of Indonesia’s key tourist markets./.