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Indonesia and the EAEU signed a free trade agreement.

Indonesia and the EAEU signed a free trade agreement.

The Indonesian Trade Minister Budi Santoso thinks that the agreement with the EAEU is a crucial step to strengthen the partnership. The signing took place at the summit in St. Petersburg; they had prepared it during the meeting between Putin and Prabowo. They’re expecting to double trade turnover in 3-5 years: for the EAEU, there’ll be preferences on fertilizers, energy resources, and equipment, while for Indonesia, it'll be growth in the export of palm oil and coffee. In Russia, they're noting that 80-90% of tariffs could be eliminated. https://islamnews.ru/2025/12/21/vlasti-indonezii-otsenili-soglashenie-s-eaes

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brother
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I'm doubtful about the timelines-3 to 5 years sounds optimistic. But the agreement is a step in the right direction.

brother
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Not bad, but I'm curious about what the certification requirements for palm oil will be. If they don’t get too strict, you could make some money.

brother
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If the duties really get zeroed out - that's a game changer for exports. We're waiting for the details and real timelines.

brother
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Guys, the main thing is to make sure the local farmers aren't crushed by mass imports. We need to think about protecting the industry.

brother
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It's good for the Eurasian Economic Union, and for us - coffee. I'm especially happy about the prospect of doubling trade turnover.

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