Jakarta (VNA) – Indonesian Minister of Trade Zulkifri Hasan called for the promotion of economic cooperation between
Eurasian Economic Union (EAEU) is free trade agreement
(FTA) Immediately completed between the two sides.
In a recent meeting with Eurasian Economic Commission (EEC) board member and EEC Minister of Integrated Macroeconomics Sergei Glazyev, Hasan said negotiations on a free trade agreement between Indonesia and the EAEU began last December. He said it was a historic moment that strengthened the bilateral relationship. Relations to higher levels.
Hasan and Glazyev also spoke during the meeting about the Joint Working Group (JWG) between Indonesia and the EEC. The Indonesian minister said the two countries have signed a Memorandum of Cooperation (MoC) to establish the JWG as a forum for discussion on trade and investment technical cooperation.
Indonesia Welcoming various initiatives to maximize the potential of the economic relationship between the two countries, he added that it is very important for both parties to complete the negotiations as soon as possible.
Meanwhile, Mr Glazyev said bilateral trade was very good, but there was still room for improvement.
Discussions on FTA agreements and technical cooperation under the MoC are expected to facilitate two-way trade and investment flows, he added.
Total trade between Indonesia and the EAEU from January to November 2022 reached US$4 billion, a year-on-year increase of 32.75%.