Indonesia and Singapore continue to enhance economic ties through a strategic supply chain partnership event, reinforcing their position as key trade partners in ASEAN
Indonesia and Singapore’s bilateral trade relationship has seen significant growth, with total trade reaching USD 55.1 billion. As the largest contributor to Foreign Direct Investment (FDI) in Indonesia, Singapore plays a crucial role in strengthening economic cooperation between the two nations.
To further enhance trade and investment, the event Empowering ASEAN: Indonesia-Singapore Supply Chain Partnership was organised by the Indonesia Ministry of Investment, IIPC Singapore, and HSBC. The initiative aimed to improve supply chain efficiency and explore new opportunities for collaboration.
This event underscored the commitment of both countries to fostering stronger economic integration within ASEAN. By leveraging their strategic partnership, Indonesia and Singapore seek to drive sustainable economic growth and regional connectivity.
Source: Indonesian Embassy in Singapore
