JAKARTA - The Indonesia-United Arab Emirates Comprehensive Economic Partnership Agreement (IUAE-CEPA) has been signed by the trade ministers of the two countries.
The signing was carried out by the Minister of Trade Zulkfili Hasan with the Minister of Economy of the United Arab Emirates, Abdulla bin Toug Al Marri.
The Indonesia-United Arab Emirates (UAE) Comprehensive Economic Partnership Agreement was finally signed only 9 months after it was launched by the trade ministers of the two countries.
Zulhas, Zulkifli Hasan's nickname, said this achievement was in line with the target given by the two heads of state, namely the completion of negotiations in less than a year.
He said the agreement for the Indonesia-United Arab Emirates Comprehensive Economic Partnership was the entry point for Indonesian products to the UAE.
"This agreement is Indonesia's entry point to the UAE, which is a hub for increasing exports to non-traditional destination countries such as the Gulf, Middle East, Africa and South Asia," he said, quoted from the official Instagram @zul.hasan, Sunday, July 3. .
Zulhas said, the completion of the IUAE-CEPA was also a momentum for increasing the trade sector after the COVID-19 pandemic.
"The Ministry of Trade is optimistic that the implementation of the IUAE-CEPA will improve the performance of the trade sector, accelerate economic recovery efforts after the COVID-19 pandemic and increase Indonesia's competitiveness at the global level," he said.
For your information, the signing of the IUAE-CEPA was carried out in the middle of a bilateral meeting between President Joko Widodo (Jokowi) and UAE President Mohamed bin Zayed Al Nahyan in the United Arab Emirates.
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