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Thursday, April 25, 2024

Surging trade and tourism indicate thriving Indonesia-UAE relations: Indonesian Ambassador

“Indonesian Ambassador to the UAE, Husin Bagis, highlighted the swift growth in bilateral trade and tourism following the implementation of the Comprehensive Economic Partnership Agreement (CEPA) from September 1, 2023. The UAE’s elimination of import tariffs on gold jewelry, a direct impact of CEPA, has notably boosted Indonesia’s exports, reaching $286.98 million within 40 days. Before CEPA, high tariffs limited direct exports of Indonesian gold jewelry to the UAE, redirecting through third countries. Bagis anticipates achieving the goal of increasing annual bilateral trade to $10 billion within three years. Tourism from the UAE to Indonesia has surged by 15.7%, fostering cultural and people-to-people relations, while educational exchanges between the two countries continue to strengthen.”

(Courtesy WAM)

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