Dubai: “The Bay”
Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, received at the Ministry of Economy in Dubai Zulkifli Hassan, Minister of Trade of the Republic of Indonesia, and the two sides discussed ways to promote economic, trade and investment relations to wider horizons under the umbrella of the Comprehensive Economic Partnership Agreement. the two countries signed yesterday.
During their meeting in the presence of Abdullah Salem Obaid Al Dhaheri, Ambassador of the United Arab Emirates to the Republic of Indonesia, and a number of senior officials from both sides, the two ministers reviewed the terms of the agreement, which achieve the two countries’ common interests. , and culminated in several rounds of successful talks, characterized by a spirit of constructive cooperation with the aim of achieving the best terms of the agreement, including Stimulating joint economic growth.
At the beginning of the meeting, Thani Al Zeyoudi welcomed Zulkifli Hassan and congratulated him on his recent takeover of the post of Minister of Trade of Indonesia. He also thanked the negotiating teams of the two countries for their fruitful efforts to reach a comprehensive economic partnership agreement between the UAE and Indonesia.
Al Zeyoudi expressed his ambition for more strategic partnership relations under the umbrella of the historic agreement that culminates more than 46 years of friendship and constructive cooperation between the two countries.
His Excellency Thani Al Zeyoudi said trade relations between the United Arab Emirates and Indonesia are witnessing great progress, as reflected in the non-oil interregional trade data, which amounted to $ 3 billion in 2021, an increase of 62 percent compared to 2020 and 17 percent compared to 2019. The trade flow is also witnessing an upward trend, in the first quarter From 2022, total non-oil interregional trade amounted to 900 million US dollars, an increase of 44% over the same period in 2021.
In return, Zulkifli Hassan expressed his gratitude to the UAE for the warm reception and hospitality and stressed that trade relations between the UAE and Indonesia will be strengthened, especially with the conclusion of the comprehensive Economic Partnership Agreement between the two friendly countries.
Indonesia’s Trade Minister indicated that the Comprehensive Economic Partnership Agreement with the UAE is the first signed by his country in the region, and expressed his optimism that it will contribute to the consolidation of constructive cooperation between the two countries in order to achieve their common interests, especially in light of the current challenges in the global economy.
It is noteworthy that the Comprehensive Economic Partnership Agreement concluded by the UAE and Indonesia is based on more than 46 years of strong bilateral relations between the two countries and establishes an ambitious partnership that creates new opportunities, stimulates investment in priority sectors and helps accelerate the recovery of The global economy, especially that the two countries have relations An extended and strong trade history built on the two countries’ location at the crossroads between regional trade routes, the agreement reflects the many common interests, values and aspirations of the two countries.