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Malaysia & Singapore rank as each other's 2nd biggest garment markets

*.*pt"> Malaysia and Singapore share a strong trade partnership, especially in the textiles and garment industry. Singapore is the second-largest importer of Malaysian garments, while Malaysia is equally important as the second-largest market for Singaporean garment exports. In the first three quarters of ****, Malaysia exported garments valued at $***.*** million to Singapore. Concurrently, Singapore exported garments worth $***.*** million to Malaysia. This trade data underscores the reciprocal dependence of both nations on each other for their garment and textile supplies. 

*.*pt"> Both countries have agreed to jointly develop a Special Economic Zone (SEZ) in Johor, a southern state of Malaysia, with the aim of attracting investments and facilitating the free movement of goods and people. Malaysia&#**;s economy minister, Rafizi Ramli, and Singapore&#**;s trade and industry minister Gan Kim Yong recently signed a deal at a ceremony in Johor. This event took place in the presence of Malaysian Prime Minister Anwar Ibrahim and his Singaporean counterpart, Lee Hsien Loong.