The leaders of Indonesia and Singapore will meet later this month for further talks on the establishment of special economic zones, a report said Friday.

President Susilo Bambang Yudhoyono will meet Singapore Prime Minister Lee Hsien Long on Batam island June 26 to discuss the establishment of special economic zones in border areas between the two countries, reported the Detikcom news website, quoting the foreign minister.

Both leaders will revitalize the 1990 agreement in which Indonesia and Singapore agreed to enhance economic development cooperation on Batam, Bintan and Karimun islands, Foreign Minister Hassan Wirajuda said late Thursday.

Wirajuda said the draft agreement on special economic zones has been signed by the two countries.

Source: Xinhua