Strengthening Indonesia’s Trade Ties with Singapore and Malaysia
Indonesia is strengthening bilateral trade growth and Indonesia investment partnerships with Singapore and Malaysia through high-level meetings at the 32nd ASEAN Economic Ministers Retreat in the Philippines.
Indonesia–Singapore Boost Trade and Regional Cooperation
Indonesia is committed to open, inclusive trade cooperation that supports regional economic growth. Indonesia-Singapore trade has grown 14.6% over five years, reaching US$19.32 billion in 2025. Both countries see opportunities to diversify Indonesian exports toward higher value-added products. Discussions also included Indonesia’s ongoing CPTPP accession and regional trade frameworks like RCEP and the ASEAN Digital Economy Framework Agreement (DEFA).
Indonesia–Malaysia Expand Trade and Investment Ties
With Malaysia, bilateral trade hit US$24.22 billion in 2025. There are opportunities to expand market access and cooperation in high-value sectors. Plans are underway to enhance investment ties through the Malaysia-Indonesia Investment Committee (MIIC) and hold Joint Trade and Investment Committee (JTIC) meetings. Border trade cooperation, including implementation of the 2023 Border Trade Agreement and normalization at the Entikong-Tebedu crossing, was also discussed.
Both partnerships offer significant potential to strengthen bilateral trade growth and deepen Indonesia investment partnerships in the region.
