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Indonesia expects to sign FTA with Eurasian countries in December

( October 20, 2025, 07:46 GMT | Official Statement) -- MLex Summary: Indonesia's Ministry of Trade said in a statement at the weekend that it expects to sign a Free Trade Agreement with the Eurasian Economic Union  — Russia, Kazakhstan, Kyrgyzstan, Belarus and Armenia  — as part of a move to boost bilateral trade. Director for Bilateral Negotiation at the Trade Ministry, Danang Prasta Danial, said the signing follows a substantial agreement reached on June 19, 2025, which is expected to be implemented in 2026. Indonesia’s exports to Eurasian nations — mainly processed food, furniture, textile and consumer products — are valued at around $1.9 billion per annum and are expected to increase two to three times in the next five years, Danang said.The full text of the statement, in Indonesian, follows:...

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