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FTB Asia.Hence, PTP can be seen as a significant driver in Malaysia's economy. With the location of three of Malaysia's major ports in the Straits, the dependency of Malaysia's economy on the Straits is certainly apparent.

Importance of the Straits of Malacca to Indonesia

The Straits of Malacca is increasingly important to Indonesian trade and economy. In term of non-oil major exports, Indonesian exports to the USA and Singapore recorded in 2003 amounted to nearly USD1, 186 billions, which were mostly carried by sea through the Straits of Malacca with petroleum exports to Singapore being even more significant. Such a situation also applied to Indonesian import of petroleum as well as non-oil imports, which come from Singapore and other countries such as the USA and Saudi Arabia. 

As the Straits of Malacca is important to Indonesia for shipping and trade, it is also important in terms of fishery. The western part of the Indonesian archipelago in the Java Sea and Malacca Straits is relatively rich and a highly populated region with dense fishing communities, thus creating high local demand. These areas produce about two-thirds of the total Indonesian fish catch and attract large amounts of fishing efforts, particularly in the areas relatively close to shore. In terms of international sea passengers, largely short distance travelers, the Straits of Malacca holds an important role for most travelers from Sumatera (including Batam, Bintan and Tanjung Balai Karimun) to Singapore or Malaysia. Travelers are usually Indonesian workers or Singaporean weekend tourists going to Batam or Bintan. In 1996, there were 3.8 million international passengers (arrivals and departures) and in 1998 this number increased to 4.8 million passengers.

Importance of the Straits of Malacca to Singapore

The Straits of Malacca is the lifeline of the Singapore economy. Singapore is heavily dependent on shipping and ranks 11th among the most important maritime countries in the world.The economic development of Singapore has been and will continue to be dependent on its maritime trade. The Straits of Singapore makes the country's port one of the busiest in the world in terms of tonnage. It serves 500 shipping companies and 30,000 vessels annually. In 1999, it handled 188,695,000 tons of general cargo, 137,349,000 tons of bulk cargo, and 15,945,000 twenty-foot TEUs of container throughput. The value of Singapore's total trade is more than her GDP and a large proportion of this trade is carried by sea. In addition to this, it operates oil refineries which are being supplied by Japanese tankers.Singapore is a major shipping hub and the world's second largest container terminal after Hong Kong. Around 90 per cent of cargo is transshipped mainly through the Malacca Straits to/from the west.

Conclusion

The strategic importance of the Straits of Malacca lies in its being the shortest, cheapest and most convenient sea-link between the Pacific Ocean, Indian Ocean and the Persian Gulf. The importance of the Straits to the international community has undoubtedly raised concerns for its security. The navigational safety through the Straits is vital in ensuring that global trade an本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。