Minister of Trade: Indonesia-UAE Collaboration in IUAE-CEPA Key to Facing Future Challenges

07 September 2021
Minister of Trade: Indonesia-UAE Collaboration in IUAE-CEPA Key to Facing Future Challenges
Bogor, September 2, 2021 - Minister of Trade Muhammad Lutfi said that the signing of the Indonesia-United Arab Emirates Comprehensive Economic Partnership Agreement (IUAE-CEPA) will accelerate the economies of the two countries. The collaboration between the two countries will also increase opportunities in dealing with crisis situations in the future. This was revealed by the Minister of Trade Lutfi at the IUAE-CEPA Dialogue Forum in Bogor on Thursday (2/9).

Present at the event were the Minister of State for Foreign Trade of the UAE Thani bin Ahmed Al Zeyoudi, Chairman of Indonesian Chamber of Commerce and Industry Arsjad Rasjid, and Chairman of the Federation Council of the UAE Chamber of Commerce & Industry Abdullah Mohamed Al Mazroui. "IUAE-CEPA is a collaboration in accelerating recovery after the Covid-19 pandemic.

In addition to being a collaboration in increasing the application of renewable energy and the economy
digital," said Trade Minister Lutfi. Trade Minister Lutfi explained that Indonesia is currently transforming from a raw goods producing country to a high-tech industrial and industrial goods producing country. Therefore, comprehensive trade agreement becomes important to do. “If the IUAE-CEPA can be concluded soon, this is the first agreement that Indonesia has made with the Gulf countries and the second for the UAE with Asian trading partners other than Singapore. The UAE is a pillar to penetrate into countries in the gulf region, Africa, and other countries that are difficult,” explained Trade Minister Lutfi.

Trade Minister Lutfi added, in the field of electronic trade and digital economy, the IUAE-CEPA collaboration will accelerate growth. "Currently the Ministry of Trade is increasing the number of MSMEs that are switching to digital platforms. This cooperation can accelerate trade growth in the region and globally," he said. In line with the Minister of Trade, Minister Thani Al Zeyoudi said that global challenges cannot be faced alone, every country must work together. Indonesia is a potential country as a partner in trade and investment cooperation. “Sustainability is an important element in improving the economy and Indonesia has various things that can support it. Therefore, through this collaboration, it is hoped that the relations between the two countries can be increased to the next stage," said Minister Thani Al Zeyoudi .

Share this article