Singapore, – Vice President (VP) K.H. Ma’ruf Amin met Singapore’s Deputy Prime Minister Lawrence Wong at the Parliament of Singapore, Tuesday (18/10/2022).

The meeting with Lawrence Wong, who also serves as Singapore’s Minister of Finance, was to discuss economic cooperation including the importance of the sharia economy, halal products and tourism.

“Of course, this economic partnership must continue to be improved,” said the VP.

The VP then explained that Singapore is the largest foreign investor in Indonesia. He said that until June 2022, the realization reached USD 6.7 billion.

“Our total trade this August also rose by more than 36 percent compared to the same period last year,” he explained.

Regarding the Islamic Economy, the VP said that this sector has great potential to strengthen the economies of the two countries. Because, the VP assessed, the Islamic economy is able to help restore the economy in the midst of a recession threat, especially after the performance shown during the Covid-19 pandemic.

“Sharia transactions use a profit-sharing business model that provides a sense of security. As well as the existence of affordable waqf funds that have the potential to become productive assets. We must develop this economic potential together,” stated the VP.

While regarding halal products and tourism, the VP revealed that currently, the trend of Muslim tourism is starting to increase in various countries. For this reason, as a neighboring country and a hub for tourists to Indonesia, Singapore’s participation is highly expected in strengthening this cooperation.

“This year, Indonesia managed to climb to 2nd place in the Global Muslim Travel Index. Therefore, Singapore’s role as a hub for Muslim tourists to Indonesia is very important,” added the VP.

“In the future, I hope to strengthen Indonesia-Singapore collaboration to encourage the progress of Muslim tourism,” he concluded.

In line with the VP, the Deputy Prime Minister of Singapore expressed his appreciation for the cooperation that has been well established so far and welcomed the plans for future cooperation.

“I believe that the cooperation between Indonesia and Singapore will be stronger,” he said.

Present to accompany the VP in this meeting were the Minister of Foreign Affairs Retno L.P. Marsudi, Indonesian Ambassador to Singapore Suryo Pratomo, Head of the Vice President’s Secretariat Ahmad Erani Yustika, and Special Staff of the VP Masduki Baidlowi.

While the Deputy Prime Minister of Singapore was accompanied by Director General of Southeast Asia Catherine Wong, Principal Secretary to Deputy Prime Minister of Singapore Joshua Lo, Deputy Director Terrence Teo, and Country Officer Andrew Leung. (NN/LHS, BPMI – Setwapres)