Regular development in commerce and funding between the UAE and Indonesia

Regular development in commerce and funding between the UAE and Indonesia

His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of International Affairs, chaired the proceedings of the primary session of the Joint Committee between the UAE and the Republic of Indonesia, which was held in Abu Dhabi, whereas the Indonesian facet was chaired by Indonesian international Affairs. Minister Retno Marsudi.

At the start of his speech, His Highness welcomed the Minister of International Affairs of Indonesia and the delegation that participated within the first assembly of the UAE-Indonesian Joint Committee.

His Highness recommended the efforts of the President of the Republic of Indonesia, Joko Widodo, and his willingness to strengthen bilateral relations between the 2 international locations, expressing the UAE’s appreciation for the help of the Indonesian Authorities in launching the “Crimea Alliance” for the worldwide local weather, in partnership between the 2 international locations, in 2022.

His Highness additionally expressed his dedication to Indonesia’s participation within the Convention of the Events to the United Nations Framework Conference on Local weather Change (COP28).

His Highness Sheikh Abdullah bin Zayed Al Nahyan mentioned: “The continuity and institutionalization of our joint efforts yielded success after success, resulting in the signing of the Complete Financial Partnership Settlement between the 2 international locations, and its entry into power in 2023. relations have additionally helped obtain regular development in commerce and funding ranges, with our non-oil buying and selling alternate (in merchandise) reaching its highest degree traditionally final 12 months, with a price of greater than 4 billion {dollars}.”

His Highness added: “Over the previous 47 years, the 2 international locations have managed to enhance cooperation and coordination in varied areas, a very powerful of that are vitality and renewable vitality, tourism and aviation, agriculture and meals safety, infrastructure, transport and tourism . , well being and synthetic intelligence, schooling and tradition.”

His Highness emphasised: “Emirati-Indonesia cooperation has seen exceptional development, throughout multilateral organizations and initiatives, together with our partnership within the framework of the G20 underneath the Presidency of Indonesia in 2022, and India in 2023, and our cooperation to help the pandemic. fund initiated by the G20.”

His Highness appreciated Indonesia’s help for the UAE’s entry into ASEAN as a sectoral dialogue associate, and our continued cooperation to make this partnership a hit, including: “On the degree of worldwide organizations, I emphasize the significance of continued mutual help for the 2 international locations nominations at varied ranges.”

On the finish of the assembly, the 2 sides signed the minutes of the assembly of the primary session of the Joint Committee between the 2 international locations.

Subsequently, His Highness Sheikh Abdullah bin Zayed Al Nahyan held a joint assembly with Retno Marsudi, the place they mentioned pleasant relations and complete financial partnership and methods to strengthen them, in a fashion that serves the event visions of each international locations.

In addition they mentioned the prospects for joint cooperation in quite a lot of areas, together with economics, investments, commerce, vitality, and so on. In addition they mentioned bilateral cooperation within the area of atmosphere and local weather, within the context of the UAE internet hosting the United Arab Emirates Convention organised. Events to the United Nations Framework Conference on Local weather Change (COP28) this month in Expo Metropolis, Dubai.

His Highness and the Indonesian Minister of International Affairs emphasised that “COP28” represents an important stage within the world local weather motion course of and gives an excellent platform for worldwide multilateral motion to strengthen local weather motion, creating promising alternatives for sustainable financial development.

The 2 sides additionally reviewed the efforts of the 2 international locations to advertise the trail of joint cooperation at an accelerated tempo, inside the framework of the Complete Financial Partnership Settlement between the 2 international locations, which just lately entered into power and thru which the UAE and Indonesia intention to spice up intra-trade between the 2 international locations to $10 billion inside 5 years.

The 2 sides mentioned the partnership between the UAE and the Southeast Asia Affiliation (ASEAN), and His Highness Sheikh Abdullah bin Zayed Al Nahyan emphasised the UAE’s readiness to construct rising partnerships with ASEAN international locations, in a fashion which helps our frequent targets of reaching complete improvement and sustainable financial prosperity.

In a associated context, His Highness Sheikh Abdullah bin Zayed Al Nahyan and Retno Marsudi mentioned the newest developments within the Center East area and methods to strengthen the humanitarian response to civilians affected by the present disaster.

• Abdullah bin Zayed and Marsudi mentioned the newest developments within the scenario within the area and strengthening the humanitarian response to civilians affected by the present disaster.


Abdullah bin Zayed:

• The UAE is eager to consolidate rising partnerships with ASEAN international locations.

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