Indonesia-Singapore Trade: Who Benefits More

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  • Adri Prastowo

VIVAnews – The extradition treaty between Indonesia and Singapore becomes a hot issue again, following several people involved with Indonesian legal cases fleeing to the other country.

Some years ago the extradition issue has been discussed repeatedly between the two countries. Singapore proposed a condition that puts Indonesia into loss. The condition is the defence cooperation agreement (DCA). However, this condition was rejected by several parties.

The Singapore’s Embassy in Indonesia stated that the extradition accord and the DCA have been signed by Singapore and Indonesia in 2007.

“The signing of the treaties were witnessed by President Susilo Bambang Yudhoyono and Prime Minister Lee Hsien Loong in Bali on April 27, 2007,” said the First Secretary for Political Affairs of the Singapore’s Embassy in Indonesia, Herman Loh,  last weekend.

Loh said that Singapore is still fully committed to the treaties and awaiting Indonesia to ratify them.

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Apart from the political relations and the extradition accord, Indonesia and Singapore are actually active in trade cooperation. Based on Central Statistic Bureau’s (BPS) data, Indonesia’s non-oil and gas export to Singapore is the highest in ASEAN region.

In the period between January and April 2011, the amount of Indonesia’s export to Singapore reached US$3.64 billion, or increased by 17.8 percent compared to the same period of 2010 which amounted to US$3.09 billion. The export to Singapore is higher than that to Malaysia which totaled US$3.19 billion and to Thailand US$2.18 billion.

However, non-oil and gas export for April 2011, compared to March 2011 to most of the destination countries went down. Indonesia’s export to Singapore during that period dropped by US$1.6 billion.

Indonesia’s export to Thailand also slumped to US$643.5 million and to Malaysia US$74.5 million.

In the mean time, non-oil and gas import from Singapore between January and April 2011 reached US$3.44 billion or rose 2.51 percent compared to the same period in 2010 which totaled US$3.35 billion. However, the figure is still lower than the import from Thailand, which reached US$3.48 billion, but higher than that from Malaysia’s US$1.75 billion.

For April 2011 alone, non-oil and gas import from Singapore was recorded to come to US$917 million or 8.34 percent of the total import from other countries. However, the figure is still higher than Thailand’s US$904.4 million (8.22 percent) and Malaysia’s US$501.6 million (4.56 percent).

Observing BPS’s data above, Indonesia secured a surplus of around US$200 million from the trade with Singapore.

Translated by Indah Lestari

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VIVA.co.id
28 Maret 2024