SINGAPORE – Heartland businesses here, as with other Singapore-based companies, can benefit from increased economic connectivity and comparative advantages when the Johor-Singapore Special Economic Zone comes into force.
Ideas mooted under the zone include a passport-free QR code system to speed up immigration clearance and a one-stop business and investment service centre in Johor to make it easier for Singapore businesses to set up shop there. Providing an update on SEZ discussions, Mr Tan reiterated that both sides were working towards an agreement at the 11th Singapore-Malaysia Leaders’ Retreat.agreed at the previous retreat hereMr Tan said: “The Malaysian government is separately deliberating on the area and the sectors to be covered by the SEZ.”
The Singapore Business Federation is working on a set of suggestions for how the development of the SEZ can be shaped, Mr Tan said. As part of putting together this recommendation paper, the apex trade association is seeking views from industry, he added.