Indonesia-UAE pact: How will it translate into economic success for the halal industry?
The Indonesia-UAE comprehensive economic partnership agreement (CEPA) came into effect beginning of this month.
The economic pact, which was signed in July last year, was designed to increase annual bilateral trade to $10 billion within five years by shelving trade barriers for a range of goods and services.
However, the CEPA pact between the two Organisation of Islamic Cooperation (OIC) countries, is billed as the first to include a special chapter on the Islamic economy. As is planned, it should exert a strong impact on the future development of the halal industry and bilateral trade.
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