The UAE will turn out to be the hub of our merchandise for international locations in Africa and the Center East areas.
Bogor, West Java (ANTARA) – Commerce Minister Muhammad Lutfi has mentioned he expects the worth of Indonesia’s commerce with the United Arab Emirates (UAE) to extend fivefold by means of the Indonesia-United Arab Emirates Complete Financial Partnership Settlement (IUEA-CEPA).
“We hope our commerce will turn out to be fivefold of the worth of US$2.92 billion in 2020. The UAE will turn out to be the hub of our merchandise for international locations in Africa and the Center East areas,” he remarked right here on Thursday.
Indonesia shouldn’t be solely focusing on the market within the UAE, which has a inhabitants of round 9 million, but additionally a number of surrounding international locations to faucet higher market potential, he mentioned.
As well as, the UAE is a member of the Gulf Cooperation Council, he famous.
The affiliation is among the many non-traditional export markets that function a world commerce hub for the Center Japanese, African, and European market, he mentioned.
In the meantime, the whole commerce between Indonesia and the UAE in January-June 2021 was recorded at US$1.85 billion.
Throughout the interval, Indonesia’s exports to the UAE reached US$852.26 million, whereas its imports have been recorded at US$1 billion.
The full commerce between the 2 international locations in 2020 stood at US$2.92 billion, with Indonesia’s exports reaching US$1.24 billion and imports touching US$1.68 billion.
Indonesia’s exports to the UAE comprised palm oil and its fractions (reaching US$141.4 million); jewellery (US$92 million); tubes, pipes, and hole profiles (US$91.7 million); transport autos (US$79.7 million); in addition to woven materials of artificial filament yarn (US$60.1 million).
In the meantime, Indonesia’s imports comprised semi-finished merchandise of iron or non-alloy metal (value US$143.2 million); acyclic hydrocarbons (US$65.3 million); unwrought aluminum (US$52.4 million); colloidal valuable metals (US$49.8 million); propylene polymers US($45.0 million); ethylene polymers (US$28.7 million); gold (US$22.9 million), sulphur (US$15.3 million), dates and figs (US$11.1 million); in addition to copper waste and scrap (US$7.6 million).
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