Malaysia-Singapore to Finalise JS-SEZ Agreement by End-2024

KUALA LUMPUR, March 14 (Bernama) -- The Johor-Singapore Special Economic Zone (JS-SEZ) joint agreement between Malaysia and Singapore is expected to be inked by the end of this year, according to the Economy Ministry.

The agreement will be signed by the prime ministers of both countries during the 11th Malaysia-Singapore Leaders’ Retreat later this year, it said.

“The joint agreement will detail the cooperation agreed on by both countries for the JS-SEZ development, including the sectors to be focused on, location and incentives to be offered," the ministry said on the Parliament’s website in response to a question from a member of Parliament (MP) who wanted to know the development, direction and implementation timeline of the JS-SEZ.

The memorandum of understanding to work on the JS-SEZ in southern state, Johor was signed by Economy Minister Rafizi Ramli with Singapore's Trade and Industry Minister Gan Kim Yong on Jan 11, 2024, in Johor Bahru (capital city of Johor), witnessed by the two countries’ prime ministers.

The Johor state government did a study on the JS-SEZ and submitted the interim report to the Economy Ministry on Jan 29, 2024, according to the ministry.

It said Malaysian Prime Minister Anwar Ibrahim subsequently chaired a JS-SEZ coordination meeting on Feb 28, 2024, to seek feedback from ministries and agencies before further discussions with Singapore.

-- BERNAMA