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Friday, 26 July 2019 13:20

Indonesia and UAE Boosting Cooperation in 12 sectors

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Indonesian President Joko Widodo and visiting Abu Dhabi Crown Prince, Sheikh Mohamed bin Zayed Al Nahyan, earlier witnessed the exchange of agreement documents between the businessmen of both countries.The agreements included a Memorandum of Understanding between DP World represented by CEO Sultan bin Sulayem and Maspion represented by CEO Alim Markus.Indonesia and the UAE are on the same page in terms of increasing bilateral cooperation in 12 areas, particularly in the economic sector.From the substance of issues discussed, the first is how the two countries can enhance economic cooperation. Hence, the discussion of economic issues is very dominant, Indonesian Foreign Minister Retno Marsudi stated at the Bogor Presidential Palace Wednesday (July 24).Under the efforts to boost cooperation, both nations inked Memorandum of Understanding (MoUs) for cooperation in nine out of the 12 areas.Foreign Minister Marsudi signed two MoUs on the protection of bilateral investment and the joint committee for consular affairs with UAE Home Affairs Minister Sultan bin Ahmad Sultan Al Jaber.The Governments of Indonesia and the United Arab Emirates (UAE) have agreed to strengthen mutual beneficial cooperation in the industrial sector in order to boost economic growth.Indonesian Industry Minister, Airlangga Hartarto, and UAE Energy and Industry Minister, Sulhail Mohamed Faraj Al Mazrouei, signed a Memorandum of Understanding (MOU) on the cooperation agreement at the Bogor Presidential Palace in West Java. Minister Airlangga Hartarto said in a statement on Thursday (July 25) the MOU will serve as an umbrella for cooperation in the development of industrial sector potential for the two countries.The two governments will develop the agro-based industry, metal and machinery industry, chemical industry and the small and medium scale industry.Among Indonesia's 10 potential commodity exports to the UAE are crude palm oil, food and beverages, pulp and paper.Indonesia has the potential to export agro-industrial products, particularly pulp and paper, as the Al-Nakheel tissue factory operates in Abu Dhabi.A possibility to export more metal and machinery is also open as the UAE has its first and largest automotive industry built by Ashok Leyland in Ras Al Khaimah.Earlier Foreign Minister Retno Marsudi stated that the visit of Crown Prince Abu Dhabi / Deputy Supreme Commander of the United Arab Emirates Armed Forces (UAE) Sheikh Mohamed Bin Zayed Al Nahyan was a very historic visit because it was the first state visit after 29 years. Last visit to Indonesia carried out by Sheikh Zayed bin Sultan Al Nahyan, father of Sheikh Mohamed Bin Zaed Al Nahyan in 1990.

Read 935 times Last modified on Saturday, 27 July 2019 10:41