H.E. Obaid Humaid Al Tayer meets with the Indonesian Finance Minister

During the meeting, H.E. Al Tayer noted the strong bilateral relations between the UAE and the Republic of Indonesia, and stressed on the need to continue dialogue between the two friendly countries to strengthen cooperation and joint action in various economic, financial and commercial fields

  
H.E. Obaid Humaid Al Tayer meets with the Indonesian Finance Minister

H.E. Obaid Humaid Al Tayer, Minister of State for Financial Affairs, held a virtual meeting today with H.E. Dr. Sri Mulyani Indrawati, Minister of Finance of the Republic of Indonesia; H.E. Kunta Nugraha, Assistant of Minister for Government Expenditure; H.E. Suryo Utomo, Director-General of Taxes; and a number of officials from the Indonesian Ministry of Finance. H.E. Saeed Rashid Al Yateem, Assistant Under Secretary of Resource and Budget Sector at MoF also attended the meeting, which sought to discuss ways to enhance relations and strategic partnerships between both countries and address G20-related topics.

During the meeting, H.E. Al Tayer noted the strong bilateral relations between the UAE and the Republic of Indonesia, and stressed on the need to continue dialogue between the two friendly countries to strengthen cooperation and joint action in various economic, financial and commercial fields.

H.E. Al Tayer said: “The UAE and Indonesia have strong economic and trade relations, which were further enhanced by the strategic agreements and MoU’s signed between them. These agreements enhance cooperation in various sectors of common interest and include the agreement to protect and encourage investment; and the Double Taxation Avoidance Agreement, which was signed in July 2019. Also, the volume of non-oil trade between the UAE and Indonesia grew by 23% last year, reaching USD 2.7 billion in 2019 compared to USD 2.2 billion in 2018.”

Also discussed during the meeting were ways for the UAE and Indonesia to coordinate on developing economic relations between the UAE and the ASEAN Group in accordance with the framework agreement between the GCC and the ASEAN Group.

The meeting also discussed topics of common interest, including the Global Partnership for Financial Inclusion which tackles financial literacy, consumer protection and digital transformation. That, in addition to devising new and innovative solutions to finance infrastructure projects through FinTech and digital currencies. The meeting also deliberated the Republic of Indonesia’s priorities for the G20, which will be held under the Indonesian presidency in 2022.

-Ends-

For more information, please contact:
Mary Khamasmieh
Weber Shandwick
E: mkhamasmieh@webershandwick.com

Rawad Khattar
Weber Shandwick
E: RKhattar@webershandwick.com 

Sara Abuhassira
Weber Shandwick
E: SAbuhassira@webershandwick.com 

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2020

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases