Thank God for the Completion and Good Ending

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  In the journey of life, each chapter presents its unique challenges, obstacles, and rewards. There are moments when we find ourselves overwhelmed, questioning whether we will ever reach the finish line. However, just like the narrative arcs of our favorite stories, there’s something deeply satisfying about a well-executed conclusion—one that feels both rewarding and fulfilling. Whether it's a personal goal, a professional project, or even a cherished movie or book, the feeling of completion is something we all strive for. It brings a sense of peace, knowing that despite the ups and downs, there was a purpose behind every step we took. And when the ending is good, it makes all the struggles worthwhile. The Importance of Completion In a world that moves at such a rapid pace, we often rush through tasks and events, focusing on the next big thing before we’ve even processed the current one. Yet, completing something gives us the chance to reflect. We can look back and appreciate the ...

As a result of the new pact, Indonesia aims to double its trade with the UAE.

 

UAE

This year, bilateral trade between Indonesia and the UAE has been steadily increasing, with the goal of reaching $5 billion by 2022, a 20% increase over the previous year. However, with the implementation of IUAE-CEPA, both countries are prepared for even stronger economic collaboration.      

Husin Bagis, Indonesia's ambassador to the UAE, is upbeat about the future. He anticipates a stronger bilateral partnership, with a target of exceeding $10 billion in trade and investment within the next three years. The pact's massive reduction in tariffs, effectively eliminating roughly 99 percent of them, is intended to be a stimulus for expanded Indonesian exports. Bagis believes that as exports rise, so will foreign investment.  

UAE-CEPA also promotes the UAE as a vital gateway for Indonesia to access markets in the Middle East, Africa, and Europe. Ambassador Bagis emphasizes that the UAE's geographical location makes it an appealing hub for growing Indonesia's global reach. Indonesia aspires to tap into a bigger network of economic contacts across areas by exploiting this alliance.

Nonetheless, both countries face practical obstacles. To enable the smooth execution of the trade agreement, technical issues must be rectified quickly. A recent meeting between Indonesian Trade Minister Zulkifli Hasan and the UAE's Minister of State for Foreign Trade demonstrates the UAE's determination to overcome these obstacles. 

Proven  that  the Indonesia-UAE Comprehensive Economic Partnership Agreement is a key milestone in the two countries' economic relations. With trade restrictions removed and a shared commitment to mutual recognition, this alliance has considerable promise for both Indonesia and the UAE. As they work together to overcome technical hurdles, the future appears bright, with the possibility for trade and investment to reach new heights. Indonesia's ambitious goal of doubling trade in the next three years reflects the confidence and enthusiasm surrounding this historic deal.   

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