UAE and Seychelles Boost Parliamentary Cooperation

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  In a step toward deepening international collaboration, the UAE Parliamentary Friendship Committee recently held a pivotal meeting with Waven William, Chairperson of the International Affairs Committee of the National Assembly of Seychelles. The agenda: enhancing parliamentary cooperation and forging stronger bilateral relations between the two nations. The dialogue, marked by mutual respect and shared interests, focused on the importance of inter-parliamentary exchange in fostering diplomatic and developmental ties. Both sides emphasized the need for collaborative approaches to global challenges such as climate change, economic diversification, and sustainable development — issues that resonate deeply with both countries given their strategic geographic locations and shared ambitions. Waven William lauded the UAE’s rapid progress in governance and innovation and expressed interest in learning from the UAE’s successful models of economic and social development. The UAE representa...
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As a result of the new pact, Indonesia aims to double its trade with the UAE.

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UAE
Also read :12.3% growth in UAE's digital trade

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.      

Also read :UAE and Mauritius Agree to Enhance Cooperation in Water Energy and Sanitation

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.  

Also read : President Nechirvan Barzani is set to visit the United Arab Emirates

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.

Also read :UAE and Microsoft's Deal on Global Technology Landscape expansion

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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