Leaders chart path for deeper bilateral cooperation in green economy, infrastructure and agri-tech.

SINGAPORE, On 15 June 2025, Singapore and Indonesia have reaffirmed their commitment to deepen economic cooperation during the 15th Singapore-Indonesia Six Bilateral Economic Working Groups Ministerial Meeting (6WG MM), held in Singapore and co-chaired by Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong and Indonesia’s Coordinating Minister for Economic Affairs Airlangga Hartarto.

The 6WG platform focuses on collaboration in six strategic sectors: Special Economic Zones including Batam, Bintan and Karimun (BBK); Investments; Manpower; Transport; Agribusiness; and Tourism.

Amidst shifting international trade dynamics, both Ministers underscored the importance of strengthening bilateral partnerships to navigate global uncertainties. They discussed enhancing cooperation in key growth areas such as green infrastructure, healthcare innovation, and sustainable industrial development.

The meeting welcomed investor interest in the BBK region and acknowledged strong progress in workforce development initiatives. Ministers also explored opportunities in agri-tech and food trade, aiming to unlock greater market access for Indonesian importers and Singaporean exporters.

Air connectivity and business exchanges were also highlighted, alongside continued progress in emerging sectors like cross-border electricity trading and carbon capture and storage, which support both countries’ low-carbon transition goals.

The 6WG MM Co-chairs witnessed the signing of two commercial arrangements: 

  • Sembcorp Development Ltd and PT Batamraya Sukses Perkasa signed an affirmation letter to collaborate on low-carbon industrial parks in BBK.
  • Singapore Semiconductor Industry Association (SSIA) and Indonesian Chamber of Commerce and Industry (KADIN) signed an MoU to promote cross-border growth in the semiconductor and electronics sectors.

With bilateral trade reaching US$57.6 billion in 2024 and Singapore remaining Indonesia’s top foreign investor since 2014, both sides expressed optimism for continued collaboration and sustainable economic growth.

Source: MTI