ASIATODAY.ID, SINGAPORE – Indonesia’s Coordinating Minister for Economic Affairs, Airlangga Hartarto, said that Indonesia has provided multiple entry visa regulations for Singaporean experts who make routine visits via the D17 Visa as well as a cross-Ministry/Agency coordination scheme related to notification of the arrival of experts visiting the region. Batam, Bintan, Karimun (BBK).
Multiple entry visa is a visa document that allows the visa holder to visit a country more than once. This was conveyed by Airlangga during the Indonesia-Singapore Six Bilateral Economic Working Groups (MM 6WG) Ministerial Level Meeting session which took place in Singapore.
“In order to support the mobility of Singaporean investors to Indonesia, easy multiple entry visa regulations have been provided for Singaporean experts who make regular visits via the D17 Visa as well as a coordination scheme across Ministries/Institutions related to notification of the arrival of expert visits to the BBK Area,” said Airlangga in statement in Jakarta, Friday, June 7 2024.
![Indonesia Facilitates Special Visas for Singaporean Experts 2 Indonesia Facilitates Special Visas for Singaporean Experts 1](https://asiatoday.id/wp-content/uploads/2024/06/in-sing2a-300x155.jpeg)
The forum was chaired by the Coordinating Minister for the Indonesian Economy, Airlangga Hartarto, together with the Deputy Prime Minister of Singapore, Gan Kim Yong.
On this occasion, Airlangga also mentioned the Kendal Industrial Park (KIP), which since being converted into a Special Economic Zone (KEK), has made the value of KIP skyrocket and created a multiplier effect.
This exponential growth is directly related to the financial incentives provided in KEK in the form of tax facilities such as tax holidays and tax allowances. Currently there are as many as 100 business actors and an investment value of IDR 43.8 trillion in KIP.
“We really appreciate the process that is currently underway, because this process is a journey itself. “The Six Bilateral Economic Working Groups have also made very significant progress, and I thank the teams of the two countries who have worked hard to achieve this,” said Airlangga.
The meeting ended with the signing of the Joint Report to Leaders document, as a report by the two ministers to the leaders of the two countries regarding the achievements and developments of 6WG bilateral economic cooperation.
The Indonesia-Singapore Six Bilateral Economic Working Group itself has been held 13 times, with the last meeting held in Semarang in mid-August 2023.
This bilateral cooperation aims to increase economic cooperation between the two countries which includes increasing cooperation in the Batam, Bintan, Karimun (BBK) area and other SEZs, increasing investment, increasing cooperation in the transportation sector, cooperation in the labor sector, cooperation in the agribusiness sector, as well as increasing cooperation in the tourism sector.
On this occasion, Airlangga explained that in the next ten years Indonesia hopes to enter the top 10 countries with the largest economies in the world.
To achieve this, Indonesia needs economic growth in the range of 6-7 percent, so Indonesia needs more investment. This achievement also requires better support and collaboration with Singapore.
“Indonesia will also continue to strive to maintain stability and peace in the Indo-Pacific region as well as in the ASEAN region. “I am sure that Indonesia and Singapore can become anchors,” he said.
Furthermore, Airlangga also conveyed developments related to Indonesia’s accession to become the first member of ASEAN in the OECD as well as Indonesia’s efforts to access membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). With Singapore’s support, he believes that Indonesia can become a member of the OECD and CPTPP in the near future. (AT Network)
Follow Us at Google News and WA Channel
Discussion about this post