UAE, Indonesia say trade deal could be signed next month

Published: Updated:
Enable Read mode
100% Font Size

The United Arab Emirates and Indonesia are close to finalizing a trade and investment deal after months of negotiations and could sign an agreement in March, officials from the two sides said.

For the latest headlines, follow our Google News channel online or via the app.

The UAE and Indonesia last September entered into talks for a Comprehensive Economic Partnership Agreement (CEPA) meant to eliminate tariffs and boost investment between the two nations.

Emirati Minister of State for Foreign Trade Thani al-Zeyoudi told Reuters the two sides were close to a deal and that it could be signed as soon as next month.

Similarly, Djatmiko Bris Witjaksono, a senior official at Indonesia’s trade ministry, said the two sides were working on finalizing the agreement and that it could be signed in March.

He declined to comment on what was still being negotiated.

Indonesia is among several countries the UAE is exploring possible trade deals with. The UAE wants to conclude multiple trade pacts this year.

Israel’s envoy to the UAE, Amir Hayek, on Monday tweeted that the latest round of trade talks with the UAE were under way.

Among those that are being studied by the UAE is a potential CEPA with the six nation East African Community (EAC) trade bloc that includes Kenya, Rwanda and Tanzania, Al Zeyoudi said.

Read more:

Wild crocodile in Indonesia freed after five years trapped in tire

Israel says it hopes for ties with Saudi Arabia, Indonesia, but no deals imminent

Indonesia temporarily bans tourist arrivals at Jakarta airport as COVID-19 spikes

Top Content Trending