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BOGOR / WAM
Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, led an official delegation to Bogor for discussions with Indonesia to deepen trade and investment relations. Indonesia is one of eight countries with which the UAE is seeking trading agreements as part of the ‘Projects of the 50’ initiative.
Al Zeyoudi and his delegation met Joko Widodo, President of the Republic of
Indonesia, at the Jakarta Presidential Palace. They exchanged their views on a number of regional and global issues and underlined the importance of greater collaboration to enhance sustainable development and accelerate the global economic recovery.
Al Zeyoudi and Muhammad Lutfi, Minister of Trade of the Republic of Indonesia, also jointly established the Indonesia – UAE Comprehensive Economic Partnership Agreement (IUAE CEPA). It will enhance trade ties, expand economic and investment opportunities, and mark a new phase of bilateral cooperation.
A high-level delegation representing the federal government and businesses, including the Federal Chambers of Commerce, accompanied Al Zeyoudion the state visit and took part in the IUAE CEPA Business Forum. Discussions were also launched to sign a Memorandum of Understanding between the chambers of commerce of both countries.
“The UAE is paving the way for a more vibrant and competitive knowledge-based economy and continues to be a catalyst for economic growth for our partners around the globe, as our announcement on our trade ambitions as part of our ‘Projects of the 50’ initiative show,” Al Zeyoudi said. “The IUAE CEPA builds upon the UAE’s strong economic relationship with Indonesia and will lay the foundations for an ambitious partnership that creates new opportunities for our businesses, attracts greater investment and talent to the region, and accelerates the global economic recovery.”