Indonesia
Singapore and Indonesia enjoy warm and long-standing ties, underpinned by extensive business links and strong economic and bilateral cooperation, including in Batam, Bintan and Karimun (BBK) and Kendal Industrial Park (KIP) Special Economic Zones (SEZs). Our economic partnership is supported by ASEAN economic agreements and the Regional Comprehensive Economic Partnership (RCEP).
Last updated on 12 November 2026
Singapore-Indonesia Economic Relations
Deputy Prime Minister and Minister for Energy, Trade and Industry (Trade) Gan Kim Yong at the 16th Six Bilateral Economic Working Groups (6WG) Ministerial Meeting in Jakarta, October 2026.
Singapore and Indonesian Ministers and Officials meet annually for the Six Bilateral Economic Working Groups (6WG) meetings, which provides a platform to advance economic cooperation in six areas. These are namely: (i) the Batam, Bintan and Karimun (BBK) region and other Special Economic Zones; (ii) Investments; (iii) Manpower; (iv) Transport; (v) Agribusiness; and (vi) Tourism.
Our Leaders also meet regularly to review bilateral cooperation and chart new areas of collaboration through the Singapore-Indonesia Leaders' Retreat. This has been a useful platform to discuss strategic issues and strengthen people-to-people ties.
To deepen linkages between Singapore and Indonesia’s tech ecosystems, an MOU on the Tech:X Programme was signed in March 2023. Tech:X facilitates young working professionals from tech-related fields in both countries to pursue overseas work stints in each other’s country, expanding access to a wider pool of young tech professionals.
As founding members, Singapore and Indonesia work closely at ASEAN. We also collaborate actively at the World Trade Organization (WTO) and the Asia-Pacific Economic Cooperation (APEC).
Plurilateral Agreements involving Indonesia
ASEAN Economic Agreements
Singapore and Indonesia cooperate through a range of ASEAN economic agreements. These agreements support trade, investment, services, connectivity, and economic integration across the region.
Regional Comprehensive Economic Partnership (RCEP)
The Regional Comprehensive Economic Partnership (RCEP) is the world’s largest FTA, comprising about 30% of global GDP and about a third of the world’s population. It broadens and deepens Singapore’s economic connectivity with the region, opens up opportunities and provides businesses with more coherent access to the region.
International platforms Involving Indonesia
Association of Southeast Asian Nations (ASEAN)
The Association of Southeast Asian Nations (ASEAN) consists of 11 member states following the official admission of Timor-Leste. The members are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, Viet Nam, and Timor-Leste. These nations work together to promote economic growth, social progress, and regional stability in Southeast Asia.
Asia Pacific Economic Cooperation (APEC)
The Asia-Pacific Economic Cooperation (APEC) forum comprises 21 Asia-Pacific economies. It was established in 1989 in response to the growing interdependence among Asia-Pacific economies and the advent of regional trade blocs in other parts of the world. Its primary purpose is to promote economic growth and prosperity in the Asia-Pacific region. Singapore was a founding member alongside 11 other economies.
Indo-Pacific Economic Framework for Prosperity (IPEF)
The Indo-Pacific Economic Framework for Prosperity (IPEF) provides a platform for countries in the region to collaborate on advancing resilient, sustainable, and inclusive economic growth, and aims to contribute to cooperation, stability, and prosperity in the region.