November 22, 2020
1 min read

UAE, Indonesia ink AEO Action Plan

On UAE side, Suoud Salem AlAqroobi, Director of International Relations, Federal Customs Authority, FCA, signed the action plan with R. Syarif Hidayet, Director of International and Public Affairs Department, Indonesian Customs on the Indonesian side…reports Asian Lite News

Via teleconference, the United Arab Emirates and the Republic of Indonesia signed an Action Plan for a mutual recognition arrangement on the Authorised Economic Operator Program, AEO, in a step to facilitate inter-countries trade, effective and swift implementation of program mutual recognition agreement under the umbrella of the agreement on cooperation and assistance in customs affairs executed by both countries on 24 July 2019.

On UAE side, Suoud Salem AlAqroobi, Director of International Relations, Federal Customs Authority, FCA, signed the action plan with R. Syarif Hidayet, Director of International and Public Affairs Department, Indonesian Customs on the Indonesian side.

Companies registered under the AEO program in UAE counted 81 companies while efforts are exerted to sign AEO mutual recognition agreements with South Korea, KSA and China, and India is underway to execute the agreement. Such agreements cover 29.8% of State aggregate non-oil trade globally.

Ahmad Abdullah Bin Lahej Alfalasi, Director General of FCA, said that UAE is keen to bolster economic and trade relations with the Republic of Indonesia, and leverage such relations to highest levels based on the historical ties between both the country since the establishment of the federation, in addition to the soaring magnitude of trade exchange and economic cooperation between the countries.

He highlighted that the action plan with the Republic of Indonesia represents a milestone on customs relations between the two countries while the plan serves as an essential step to implement AEO program mutual recognition, which will positively affect inter-countries trade movement in addition to securing numerous advantages to authorised companies under the program in both countries.

Also read:UAE builds mosque named after Indonesian President

Previous Story

Have A Safest Journey To The ‘Solo Traveler Haven ‘

Next Story

Kohli’s absence will create a big hole: Ian Chappel

Latest from -Top News

India, US Step Up Trade Talks

The development comes in the backdrop of the new US ambassador Sergio Gor taking charge in the US embassy is New Delhi….reports Asian Lite News India and the United States are progressing

Lanka Marks Next Phase of Indian Housing Drive

Phases III and IV of the Indian Housing Project highlight India’s commitment to supporting and empowering Sri Lanka’s Indian-origin Tamil community….reports Asian Lite News Sri Lankan President Anura Kumara Dissanayake on Sunday

Hamas Frees Captives

The Israeli Air Force announced that it has completed its preparations to receive hostages returning from Gaza to Israel….reports Asian Lite News The Red Cross has taken custody of the first group

China’s Grab for Africa

China’s investments aim to strengthen its geopolitical influence and its high-tech manufacturing sector in Africa…reports Asian Lute News China is further consolidating its dominance in the rare earth elements sector by expanding
Go toTop