Posted: 06.04.2023 11:11:00

EAEU, Indonesia held first round of negotiations on free trade agreement

Indonesia hosted the first round of negotiations on a free trade agreement between the Eurasian Economic Union (EAEU) and the Republic of Indonesia


“At the end of 2022, mutual trade between the EAEU member states and Indonesia increased by 58 percent compared to 2021. The free trade agreement will ensure an additional growth in trade turnover, creating conditions for the effective implementation of the export potential of our economies,” said Anton Tsetsinovsky, Head of the Section of Special Issues of Trade Regulation of the Eurasian Economic Commission’s Trade Policy Department.

In his opinion, the results of the first round and the desire to find mutually acceptable solutions confirmed by both sides enable to look with optimism at the prospects for dynamic negotiations in the future.

The achievement of relevant agreements, in turn, will meet the expectations of the business community, which demonstrates a broad interest in strengthening co-operation. One of the manifestations of such interaction will be the EAEU-Indonesia business dialogue, which will be held with the participation of the heads of state bodies and companies as part of the Eurasian Economic Forum, scheduled for late May in Moscow.