National flags of Indonesia and Singapore. (Source: crossed-flag-pins.com)

Jakarta (VNA) – Singaporean Minister of Trade and Industry Iswaran is visiting Indonesia from April 24-26 to enhance bilateral economic cooperation and seek more business opportunities for Singaporean firms, especially small and medium ones.

During his stay, Iswaran met with Indonesian Minister for Energy and Mineral Resources Ignasius Jonan, Minister of Industry Airlangga Hartarto and Nurhajizah, Deputy Governor of North Sumatra.

The two sides affirmed hope to promote sustainable bilateral ties and evaluated prospects for economic cooperation expansion in energy, tourism, infrastructure, vocational training and digital technology.

The Singaporean official is scheduled to visit the East Ventures Hive in Jakarta, the co-working space of Indonesia’s start-up companies.

Singapore is currently the third largest trade partner and one of the biggest investors of Indonesia. Bilateral trade last year hit 56.1 billion SGD (37 billion USD).

Besides, the two countries are each other’s major tourism markets, with about 2.9 million Indonesians coming to Singapore in 2016.

Indonesia and Singapore are celebrating the 50th anniversary of diplomatic relations this year.-VNA