[UNDER NEGOTIATIONS] Indonesia-Eurasian Economic Union (EAEU) Free Trade Agreements

On July 31 2023, the Ministry of Trade of the Republic of Indonesia announced a limited free trade agreement (FTA) with the Eurasian Economic Union (EAEU) consisting of Russia, Kyrgyzstan, Kazakhstan, Armenia and Belarus.

The first round of negotiations on concluding a free trade agreement took place on April 3-5, 2023 in Jakarta.

The second and the third rounds of negotiations were held on August and December, 2023 in Moscow (Russian Federation) and Denpasar (Republic of Indonesia) respectively. 

In 2022, Indonesian exports to the EAEU were dominated by palm oil. Meanwhile, Indonesia's main import commodities from the EAEU are fertilizer, non-alloy steel semi-finished products, coal, and metal alloys. This agreement takes place in stages from 2023 to 2024, discussing 11 issues, one of which concerns the fertilizers sector.

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