SINGAPORE — Singapore and Malaysia have inked an agreement to create a new special economic zone for business and investment.
'Build on complementary strengths': Prime ministers ink Johor-Singapore Special Economic Zone agreement
"When negotiating the agreement, both sides have actively engaged stakeholders to ensure that the JS-SEZ has the conditions to help our businesses grow together for the longer term," said PM Wong.There are many strengths that can be harnessed from both sides to make the zone a more competitive and attractive venue for businesses to operate from, said PM Wong.
"It is an important project which will build on the complementary strengths of Singapore and Johor, so that we can both be more competitive, enhance our value proposition, and jointly attract more investments to our shores," PM Wong said. The retreat is an annual platform for the leaders of both countries to set the overall direction for bilateral co-operation.
The two countries are working together in areas such as celebrating shared heritage, and investing in a shared future together, said PM Wong. "These are all important issues for both our countries. We will continue to discuss these issues holistically and constructively within the overall context of our broader relationship," said PM Wong.
Both PMs are committed to having good-faith conversations and discussions in a manner that is constructive and holistic, while making sure that these outstanding matters "do not ever" detract from the overall relationship of the two countries, said PM Wong.While these issues have been going on for the last few decades, "I don't think we should wait for the next few decades to come", he added.
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