Singapore: Indonesia and Singapore signed agreements on electronic data exchange and archival cooperation.
Signed by related officials of both nations, the signing was witnessed by President Joko Widodo and Prime Minister Lee Hsien Loong when they met at the Istana, Singapore, on Tuesday, October 8, 2019.
As quoted by the State Secretary Ministry's official website, both countries reaffirmed their commitment to promoting a smooth and safe trading environment for companies involved in bilateral trade.
In addition, Indonesia and Singapore also expressed their committment in strengthening mutually beneficial cooperation between the two countries. Among them is the Framework for Negotiation of Flight Information Region (FIR) Realignment, the extension of financial cooperation between the central banks of the two countries, and the follow-up to the agreement reached at last year's Leaders Retreat.
The two countries also agreed to strengthen cooperation in the field of vocational education. The forms of cooperation include the operationalization of the Kendal polytechnic and training activities for instructors as well as the RISING (Republic of Indonesia and Singapore) Fellowship initiative.
The two governments also agreed to push for the completion of the ratification process of bilateral investment agreements and increase cooperation in the fields of electronic commerce, financial technology, data services, the development of technoparks, and regional innovation hubs.