JAKARTA: Over 70 Indonesian firms are set to participate in the trade mission organised by Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, aiming to explore direct business ventures in Dubai or bolster ties with companies already operating in Dubai and the UAE to boost trade relations.
During their participation in the trade mission events, the Indonesian delegates hailed Dubai and the UAE as prime destinations for Indonesian businesses in the Middle East, considering them financial and logistical hubs with business-friendly policies.
They highlighted the direct impact of the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Indonesia on bilateral trade, foreseeing a doubling of trade and investment in the near future.
In a statement to the Emirates News Agency (WAM), the Director-General of National Export Development at the Indonesian Ministry of Trade Didi Sumedi emphasised the significant boost in bilateral trade, which surged
from US$4 billion in 2021 to over US$5 billion, with non-oil trade accounting for around US$4 billion.
He projected that CEPA would further catalyse bilateral trade growth. He outlined key sectors driving trade expansion, including steel, chemicals, fertilisers, plastics, and paper products.
M Pradana Indraputra, Senior Advisor to the Minister on National Entrepreneurship Development of Indonesia, highlighted the event’s significance in facilitating information exchange and fostering opportunities for bilateral cooperation. He noted the participation of 17 companies from Dubai and over 70 Indonesian companies, underscoring the event’s role in paving the way for direct partnerships through discussions and bilateral meetings.
On her part, Shinta Widjaja Kamdani, Coordinator Vice Chairwoman on Maritime, Investment, and Foreign Affairs at Kadin Indonesia, said, ‘The UAE and Indonesia have many common denominators and at the same time complement each other, indicating that the two countries are working to stren
gthen their economies to solidify their positions in both regional and global arenas.’
Kamdani emphasised the importance of the step taken by the Dubai International Chamber, expressing her hope to see more cooperation between companies from Indonesia and the UAE.
Source: Emirates News Agency