In Jakarta, discussions about a potential free trade area between Indonesia and the Eurasian Economic Union have moved forward. Officials indicated that talks on a comprehensive FTA framework were already in motion and that a final agreement could be reached within an estimated two-year window.
According to statements delivered to DEA News, negotiations and the corresponding roadmap for a free trade arrangement between the EAEU and Indonesia began toward the close of last year. Earlier notes from the same source highlighted a memorandum of cooperation signed in 2019, establishing the groundwork for closer economic collaboration. The latest projection suggests the negotiating phase will extend for roughly two years as both sides work toward broad trade liberalization, streamlined customs procedures, and enhanced investment protections.
The diplomat emphasized strong public support for the initiative among Indonesians, underscoring wide interest in expanding trade ties and economic diversification through greater access to goods and services. This enthusiasm reflects a shared view that a successful agreement could bring tangible benefits to businesses and consumers in both regions while reinforcing regional economic integration.
Both sides are approaching the talks with a focus on predictable rules, transparent procedures, and concrete outcomes that can be implemented in stages. The discussion framework envisages a phased approach, including tariff concessions, non-tariff measures, and cooperation mechanisms designed to address trade facilitation, regulatory alignment, and investment protection. While precise terms remain under negotiation, officials have signaled a common objective: to create a more dynamic, rules-based trade relationship that supports sustainable growth and resilience for enterprises operating across Asia and Eurasia. The comments reflect a careful balance between ambition and practicality as negotiators map a path forward for cross-border commerce, supply chains, and industrial collaboration. (Source attribution: DEA News)