
Bafleh Jewellery Celebrates Milestone Achievement with the Arrival of the First CEPA Parcel from Indonesia to Dubai
Dubai, 12th September 2023: Bafleh Jewellery LLC, a prominent player in the gems and jewelry industry, is delighted to announce the reception of its inaugural shipment under the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Indonesia. CEPA has made an indelible mark on trade relations between these two nations, driving impressive growth in bilateral trade.
On his part, H.E. Ahmed Mahboob Musabih, Director General of Dubai Customs, CEO of Ports, Customs and Free Zone Corporation, expressed his delight at receiving the inaugural commercial shipment from Indonesia to Dubai as part of the CEPA between the UAE and Indonesia. The event took place in the Headquarters of Dubai Customs office located at the Port Rashid, Dubai. The first shipment of gold jewellery was received by Bafleh Jewellers by Mr. Ramesh Vora and Mr. Chirag Vora from the Ambassador of the Republic of Indonesia, H.E Husin Bagis. The handover was witnessed by Consul General of The Republic of Indonesia in Dubai, H.E. Chandra K. Negara; Director of Indonesian Trade Promotion Center (ITPC), Mr. Muhammad Khomaini, Finance Attache, Mr. Eko NM Saputro; The Executive Director of Policy and Legislation, Dubai Custom, Mr. Mansoor Almalik; The Executive Director of Finance, Dubai Custom, Mr. Rashid Alsharid; Executive Director of Inspection, Dubai Customs, Dr. Abdullah Busenad; and Director of Economic Development, Ministry of Economy, Mr. Rashed Al Taneiji.
Over the past year, the trade volume between the UAE and Indonesia has surged from Dh166.3 billion to an impressive Dh212.1 billion, signifying a remarkable 27.5% increase in the first eight months from April to November 2022. This phenomenal growth has translated into a substantial Dh45.9 billion uptick in trade value.
The CEPA, which officially came into effect on May 1, 2022, has seamlessly facilitated trade operations, fostering mutual benefits for both countries. Commenting on this remarkable achievement and reflecting on the growth of the Gems and Jewelry industry, Mr. Ramesh Vora, Managing Director of Bafleh Jewellery LLC, expressed, “We are extremely delighter to receive the first shipment under the CEPA agreement. It is our honor to receive the same from H.E Husin Bagis. The ease of conducting business has notably improved. Previously, our customers from around the world would place orders with our suppliers, and now they no longer need to do so. With CEPA in place, purchasing jewelry from various regions has become an attractive option. We are one of the highest importers of Gold Jewellery from Indonesia and hoping to import more after this trade agreement ”
Bafleh Jeweller’s reception of the first CEPA parcel in Dubai marks a significant milestone and exemplifies the positive impact of this trade agreement on the flourishing UAE-Indonesia trade relationship. The continued growth and success of CEPA are expected to further bolster trade ties between these two nations in the years to come.
Home >> Lifestyle Section
Win Big This Dubai Shopping Festival with Out of This World Raffles and Prizes
Dubai Customs Nabs Smuggler with 8.9 Kilos of Marijuana
Renewables Receive Major Boost with Pledges to IRENA's ETAF Platform Exceeding U ...
The Federal Geographic Information Center Launches the General Map of the UAE
ENEC and Westinghouse Sign MOU for Advanced Nuclear Reactor Technologies at COP2 ...
GREE Unveils Revolutionary Solar-Powered VRF System at COP28, Paving the Way for ...
Emirates Celebrates UAE's National Day with a Double Flypast during Emirates Dub ...
Team Abu Dhabi Face Familiar Rivals as New Series Launches in Khor Fakkan
ENEC and GE Hitachi Sign MoU for Potential Investment and Deployment of Small Mo ...
ANIB Introducing New F&I Products in Partnership with Al Nabooda Automobiles
Wellth Introduces Natural Chronic Disease Reversal Solutions on the Occasion of ...
UAE-based Pure Food Technology unveils Game-changing Innovation in Vertical Farm ...
Commitment for a Sustainable Future: Global Postal Community to Foster Climate E ...
The Dubai Customs Consultative Council Commends Economic Performance in 2023
Delight in unforgettable Festive Season at Grand Millennium Al Wahda in the Cen ...
Max Mara Celebrates Yara Shahidi as the 2023 WIF Max Mara Face of the Future Awa ...
Ajman Tourism Unveils "TESLAM - UAE" Art Exhibition to Celebrate the U ...
Dubai Police and Arabian Automobiles Join Forces to Showcase GHIATH Smart Patrol
Summary of Weekly Real Estate Transactions for the Week Ending 01 December 2023
Dubai Airports Unveils Exceptional Welcome for COP28 Delegates