Jakarta, Feb. 12 -- Indonesia and the United Arab Emirates (UAE) have agreed to increase bilateral trade to US$10 billion per year.

Indonesia's Coordinating Minister for Economic Affairs, Airlangga Hartarto, and UAE Minister of Economy, Abdullah Bin Touq Al Marri, reached this agreement during a meeting on the sidelines of the 2025 World Government Summit in Dubai on Wednesday.

"Economic cooperation between Indonesia and the UAE can be strengthened through the I-UAE CEPA," Hartarto said in a statement released by his office on Wednesday.

According to ministry data, trade between Indonesia and the UAE reached US$5 billion in 2024, reflecting an increase from US$3 billion in 2020.

The two ministers agreed that achieving the US$10 billio...