The United Arab Emirates and Indonesia have signed a broad economic pact with the goal of increasing bilateral trade to more than $10 billion by 2030.
According to a statement from Indonesia’s trade ministry, the deal will increase exports to the UAE by 54 percent over the next ten years by eliminating approximately 94 percent of existing tariffs.
Since announcing a strategy to deepen its economic ties in 2021, the UAE has signed three sizable trade agreements, the Indonesia agreement being the third. Similar agreements, which eliminate or significantly reduce tariffs on goods,…
