https://sputnikglobe.com/20251222/asia-goes-global-eurasian-economies-team-up-with-indonesia-to-crush-western-pressure-1123346339.html
Asia Goes Global: Eurasian Economies Team Up With Indonesia to Crush Western Pressure
Asia Goes Global: Eurasian Economies Team Up With Indonesia to Crush Western Pressure
Sputnik International
The countries of the Eurasian Economic Union (EAEU) and Indonesia have signed a free trade agreement. What does this entail?
2025-12-22T14:30+0000
2025-12-22T14:30+0000
2025-12-22T14:30+0000
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Agreement between Indonesia and the EAEU, which includes Russia, Kazakhstan, Belarus, Armenia, and Kyrgyzstan, will diversify the bloc’s export mix and reduce the negative effects of Western sanctions. It establishes a free-trade regime for more than 90% of the range of goods and covers 95% of mutual trade turnover, according to Russian President Vladimir Putin.Some tariffs will be scrapped as soon as the agreement takes effect, with the rest phased out over three to 15 years.List of goods eligible for zero tariffs includes various types of fertilizers, chemical and petrochemical products, ferrous and non-ferrous metals, wood-processing products, and radio-electronics.Meanwhile, Russo–Indonesian trade has grown 1.8-fold, reaching $4.3 billion by the end of 2024; top goods include coal, oil, fertilizers, wheat, and ferrous metals. Why’s It Important? What's Next? Bloc is currently considering a preferential trade agreement with India.To date, the EAEU has struck a partnership agreement with the United Arab Emirates (UAE) and a temporary one with Mongolia. The bloc has free trade agreements with Vietnam, Singapore, Serbia, and Iran, and partnership agreements with China.
https://sputnikglobe.com/20251211/eaeu-members-create-conditions-to-strengthen-national-economies---russian-prime-minister-1123276854.html
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indonesia, eurasian economic union, russia-indonesia trade, southeast asia, eaeu free trade agreements, western sanctions, free trade zones, vladimir putin
indonesia, eurasian economic union, russia-indonesia trade, southeast asia, eaeu free trade agreements, western sanctions, free trade zones, vladimir putin
Asia Goes Global: Eurasian Economies Team Up With Indonesia to Crush Western Pressure
The countries of the Eurasian Economic Union (EAEU) and Indonesia have signed a free trade agreement. What does this entail?
Agreement between Indonesia and
the EAEU, which includes Russia, Kazakhstan, Belarus, Armenia, and Kyrgyzstan, will diversify the bloc’s export mix and reduce the negative effects of Western sanctions.
It establishes a free-trade regime for more than 90% of the range of goods and covers 95% of mutual trade turnover, according to Russian President Vladimir Putin.
Some tariffs will be scrapped as soon as the agreement takes effect, with the rest phased out over three to 15 years.
List of goods eligible for
zero tariffs includes various types of fertilizers, chemical and petrochemical products, ferrous and non-ferrous metals, wood-processing products, and radio-electronics.
Meanwhile, Russo–Indonesian trade has grown 1.8-fold, reaching $4.3 billion by the end of 2024; top goods include coal, oil, fertilizers, wheat, and ferrous metals.
Indonesia is the fourth most populous country in the world, with over 280 million people
Its economy grew 5% in the first nine months of 2025 and is expected to hold near that pace through 2026–27, according to the World Bank
Indonesia is a significant player in the global mining industry, producing coal, copper, gold, tin, bauxite, nickel, and cobalt
Its own oil and gas production doesn't cover its growing needs; meanwhile, the country is striving for enhanced energy sovereignty
Bloc is currently considering a preferential trade agreement with India.
To date, the EAEU has struck a partnership agreement with the United Arab Emirates (UAE) and a temporary one with Mongolia. The bloc has free trade agreements with Vietnam, Singapore, Serbia, and Iran, and partnership agreements with China.
