Post #4161

EAEU–Indonesia: On the Path to the Free Trade Agreement 🤝 Negotiations took place between Member of the Board (Minister) of Trade of the Eurasian Economic Commission (EEC) Andrey Slepnev and Indonesia’s Coordinating Minister for Economic Affairs Airlangga Hartarto. 💬❗ “In absolute terms, tariff reductions will affect approximately $3 billion worth of trade between the #EAEU and Indonesia. We expect trade turnover between our countries to double within the next 3–5 years after the agreement enters into force. We anticipate significant growth in exports to Indonesia, including both agricultural and industrial goods,” emphasized the EEC Minister of Trade. ☝️The EAEU will receive preferential access to the Indonesian market for products such as polymers, fertilizers, energy resources, mining dump trucks, pipes, metals and non-ferrous metal products, as well as a wide range of electrical and mechanical equipment. Supplies are also expected to include wheat, flour, powdered milk, confectionery and more.