Bilateral investment treaty helps to resolve the disputes of intellectual property between Indonesia and Singapore
Within the next 5 years, the investments between Indonesia and Singapore are predicted to climb by 18 to 22 percent because the Indonesia-Singapore Bilateral Investment Treaty (BIT) has officially entered into force on March 9, 2021. The Indonesia-Singapore Bilateral Investment Treaty was signed by Singapore’s Minister for Trade and Industry Chan Chun Sing and Indonesia’s Foreign Minister Retno Marsudi in 2018. The signing was witnessed by Prime Minister Lee Hsien Loong and President Joko Widodo. This treaty’s purpose was to replace [...]