Trade Pact, Gold, Palm Oil: Indonesia Aims $4.2 Billion Export to UAE

in the Emirati market. The Indonesia-UAE Comprehensive Economic Partnership Agreement (CEPA) came into force in September 2023. When asked which products Jakarta would like to sell more of to reach the $4.2 billion export target, Airlangga named “palm oil and gold”. “The UAE has been one of the main markets for Indonesian palm oil. This is one of our most important export commodities,” Airlangga said at a dinner reception. UAE Ambassador Abdulla Salem Al Dhaheri announced at the same event that both countries would mark five decades of diplomatic ties in 2026. On the export-import front, the diplomat said that the growing economic cooperation reflected “the strength of bilateral relations”. The CEPA scraps tariffs on Indonesian gold jewelry and palm oil, according to media reports quoting Jakarta’s embassy in Abu Dhabi. Indonesia’s first-ever UAE-bound shipment under the trade accord comprised $6.98 million worth of gold jewelry. Indonesia has been working on a system that would ...