KUALA LUMPUR, March 14 — 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 Prime Ministers of both countries will sign the agreement during the 11th Malaysia-Singapore Leaders’ Retreat.
“The joint agreement will detail the cooperation agreed on by both countries for the JS-SEZ development, including the sectors to be focused on, as well as the location and incentives to be offered," it said.
The ministry was responding on the Parliament’s website to a question from Tebrau MP Jimmy Puah, who wanted to know the JS-SEZ's development, direction and implementation timeline.
The memorandum of understanding to work on the JS-SEZ in Johor was signed by Economy Minister Rafizi Ramli with Singapore's Trade and Industry Minister Gan Kim Yong on January 11 this year in Johor Bahru, 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 January 29.
It said Prime Minister Datuk Seri Anwar Ibrahim subsequently chaired a JS-SEZ coordination meeting on February 28 to seek feedback from ministries and agencies before further discussions with Singapore.
— Bernama
