The two-day summit highlights agreements across multiple sectors, enhancing bilateral ties.
10 Key Takeaways from the 10th Singapore-Malaysia Leaders’ Retreat
On November 11, 2024, Singapore Prime Minister Lee Hsien Loong and Malaysian Prime Minister Anwar Ibrahim concluded the 10th Leaders’ Retreat. This two-day event resulted in multiple agreements across various sectors, reinforcing the cooperation between both nations. Here are the 10 key outcomes:
Support for SMEs
A joint effort to develop small and medium-sized enterprises (SMEs) in both countries was initiated, with a focus on the green and digital economy. A fund was updated to support joint pilot projects between firms from both nations.
Johor-Singapore Special Economic Zone (JSSEZ)
The two countries will sign an agreement on January 11, 2024, to advance the JSSEZ, which aims to enhance the flow of goods and people between Singapore and Malaysia, benefiting the Iskandar development region.
Rapid Transit System (RTS) Link
Construction of the RTS Link continues with completion expected by end-2026. The system will facilitate 10,000 passengers an hour in each direction, improving connectivity between both countries.
Air Traffic Services Review
A review of the air traffic services delegation over Southern Peninsular Malaysia, in alignment with ICAO standards, is set to improve the management of air traffic, ensuring efficient operations for both nations.
Maritime Boundary Delimitation
Both countries are committed to resolving maritime boundary issues and are progressing with the implementation of the International Court of Justice’s judgment regarding Pedra Branca and other territorial matters.
Water Supply Discussions
Singapore and Malaysia agreed to resume talks on the price and quality of water from the Johor River, ensuring a sustainable supply under the 1962 Johor River Water Agreement.
Regional Security and Transnational Crime
Both countries agreed to continue their defense cooperation and address issues such as narcotic trafficking and transnational crimes, with plans to sign a joint MOU on the matter.
Intellectual Property Cooperation
An agreement on intellectual property (IP) cooperation was signed, focusing on patent programs to foster innovation and facilitate entry into both markets for businesses.
Higher Education Collaboration
A new MOU will promote student and faculty exchanges between Singapore and Malaysia’s higher education sectors, as well as collaboration on technical and vocational training.
Causeway Centennial
As the Causeway celebrates its 100th anniversary in 2024, Singapore and Malaysia plan to mark the milestone, recognizing its long-standing significance in both countries’ connectivity.
These agreements represent a significant step forward in the relationship between Singapore and Malaysia, covering essential aspects of economic, security, and social collaboration.
