PUTRAJAYA, Malaysia, Jan. 7 (Xinhua) -- Malaysia and Singapore announced an agreement on the Johor-Singapore Special Economic Zone (SEZ) here on Tuesday, with the goal of supporting investment and allowing free movement of goods and people between the two countries.

The agreement was revealed during a visit to Malaysia by Singapore Prime Minister Lawrence Wong, who met his Malaysian counterpart Anwar Ibrahim for the 11th Malaysia-Singapore Leaders' Retreat, which began on Jan. 6 and lasted for two days.

In a joint press briefing, Anwar stressed that both Malaysia and Singapore are politically stable, with clear economic policies aimed at attracting investments. He also noted that both governments are selective in ensuring investments align with future demands and priorities.

For his part, Wong said the initiative sends a message to investors to consider the complementarities between Johor and Singapore and the many advantages offered by the entire SEZ ecosystem.

He said there are many strengths that both sides can harness to enhance the SEZ's value proposition, making it more competitive and attractive for businesses to operate.

Earlier, Anwar and Wong witnessed the exchange of the joint agreement between Malaysia and Singapore on the SEZ along with other memorandums of understanding. Enditem

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