SUBSCRIBE
PROFILE

Indonesia finalises free trade agreement with Eurasian Economic Union for December

A free trade agreement between Indonesia and the Eurasian Economic Union is set to be signed in December, aiming to reduce tariffs on $3 bn worth of trade and boost bilateral commerce in the coming years.

Share:

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

START NOW — 4.90$/month

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

SUBSCRIBE — 99$/year

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

Sign up for free to unlock this article

Indonesian authorities are preparing to conclude a free trade agreement with the Eurasian Economic Union (EAEU), a bloc bringing together several countries from Eastern Europe and Central Asia, in December. This initiative is part of a strategy to develop trade relations between Jakarta and EAEU members, with a stated objective of significantly increasing trade flows over the next few years.

Tariff reduction on $3 bn in trade

The agreement, which is in the final stages of negotiation, includes a reduction in tariffs covering $3 bn in trade, according to EAEU estimates. Discussions have brought together government officials from both parties, notably during a meeting between Indonesian Foreign Minister Sugiono and his Belarusian counterpart Maxim Ryzhenkov. Indonesia’s Ministry of Trade reported a $7 mn trade surplus with the EAEU for the first half of 2025, highlighting the growth potential of commercial relations between the two blocs.

Expansion prospects for companies

Total trade between Indonesia and the EAEU could double within three to five years after the agreement enters into force, according to projections raised during negotiations. The agreement is expected to facilitate market access for companies in both regions, creating new opportunities in the industrial, energy and agri-food sectors. The specific terms include a gradual lowering of tariff barriers on a wide range of products, which could impact the structure of regional trade.

A new lever for economic cooperation

Official statements confirm that the signing of the agreement is scheduled to take place in Russia, marking a key stage in Indonesia’s trade policy in Eurasia. The free trade agreement will be added to the EAEU’s existing partnerships, thus strengthening economic integration with Asian countries. “This agreement will open new avenues for economic cooperation,” Sugiono said, highlighting Jakarta’s ambition to diversify its strategic partnerships. The intention to double trade volumes was confirmed by negotiators, who pointed to the growth potential for companies in both blocs.

  • Popular on energynews.pro
Syrian tanker docks in Trieste, first crude delivery in 14 years
Egypt signs new deals to revive domestic gas production
$5.6bn battery plant to be built in Morocco still reliant on coal power
QatarEnergy awards Samsung contract for 2,000 MW solar plant in Dukhan
ACWA Power secures 800MW in Morocco with technical support from Gotion High-Tech
Trump links new sanctions against Moscow to halting Russian oil in NATO
Donald Trump threatens to escalate US sanctions against Russia, but only if NATO member states stop all Russian oil imports, which remain active via certain pipelines.
Italy and United States seal LNG partnership to secure European supply
The two countries agreed to develop infrastructure dedicated to liquefied natural gas to strengthen Europe's energy security and boost transatlantic trade.
Iran seeks to revive oil production amid threat of renewed sanctions
Ayatollah Ali Khamenei calls for modernising the oil industry and expanding export markets as Tehran faces the possible reactivation of 2015 nuclear deal sanctions.
Zelensky urges Slovakia to stop buying Russian oil via Druzhba pipeline
The Ukrainian president demanded that Slovakia end its imports of Russian crude, offering an alternative supply solution amid ongoing war and growing diplomatic tensions over the Druzhba pipeline.
Washington lowers import duties and opens the door to $550 billion Japanese investments
The United States cuts tariffs on Japanese imports to 15%, while Tokyo launches a massive investment plan targeting American energy, industry, and agriculture.
Brazil bets on Cop 28 to shape the diplomatic agenda of Cop 30
Brazil’s Cop 30 presidency aims to leverage the Dubai commitments to mobilise public and private actors despite ongoing deadlock in international negotiations.
Brazil requests full membership in the International Energy Agency
Brasília has officially begun the process of joining the International Energy Agency, strengthening its strategic position on the global energy stage after years of close cooperation with the Paris-based organisation.
Putin asks Slovakia to block energy flows to Ukraine
During a meeting in Beijing, Vladimir Putin called on Slovakia to suspend its energy deliveries to Ukraine, citing Ukrainian strikes on Russian energy infrastructure as justification.
Moscow and Bratislava discuss the Ukrainian conflict and energy cooperation
Vladimir Putin and Robert Fico met in China to address the war in Ukraine, regional security and energy relations between Russia and Slovakia.
Fico to meet Putin in China before hosting Zelensky in Slovakia
Slovak Prime Minister Robert Fico plans to meet Vladimir Putin in Beijing before receiving Volodymyr Zelensky in Bratislava, marking a diplomatic shift in his relations with Moscow and Kyiv.
London, Paris and Berlin trigger sanctions against Iran, risking crude disruption
The three European powers activate the UN sanctions mechanism against Iran, increasing pressure on the country's oil exports as Tehran maintains high production despite Western measures.
Return of IAEA inspectors to Iran after one month of diplomatic breakdown
Iran once again authorises the International Atomic Energy Agency to inspect its nuclear sites, following a suspension triggered by a dispute over responsibility for Israeli strikes.
Ukrainian Arrested in Italy Refuses Extradition for Nord Stream Sabotage
First suspect linked to the Nord Stream pipeline explosions, a Ukrainian citizen challenged by Berlin opposes his judicial transfer from Italy.
Ukrainian drones strike Russian energy sites and reignite tensions
Ukrainian drones targeted a nuclear power plant and a Russian oil terminal, increasing pressure on diplomatic talks as Moscow and Kyiv accuse each other of blocking any prospect of negotiation.
Ukrainian Arrested in Italy for Alleged Role in Nord Stream Sabotage
A Ukrainian national suspected of coordinating the Nord Stream pipeline sabotage has been apprehended in Italy, reigniting a judicial case with significant geopolitical implications across Europe.
Russia and India strengthen energy trade despite US pressure
Russia continues hydrocarbon deliveries to India and explores new outlets for liquefied natural gas, amid escalating trade tensions with the United States.
Russian Strikes Threaten Gas Cooperation Between Azerbaijan and Ukraine
Azerbaijani energy infrastructure targeted in Ukraine raises concerns over the security of gas flows between Baku and Kyiv, just as a new supply agreement has been signed.
Iran cuts 1.4 GW to Iraq, Baghdad speeds up regional interconnections
The suspension of 1,400 MW of electricity supplied by Iran to Iraq puts pressure on the Iraqi grid, while Tehran records a record 77 GW demand and must balance domestic consumption with regional obligations.
China rejects European threat to reinstate sanctions against Iran
Beijing opposes the possible return of European trio sanctions against Iran, as the nuclear deal deadline approaches and diplomatic tensions rise around Tehran.
Washington strengthens ties with Pakistan over minerals and hydrocarbons
The United States plans to collaborate with Pakistan on critical minerals and hydrocarbons, exploring joint ventures and projects in strategic areas such as Balochistan.

Log in to read this article

You'll also have access to a selection of our best content.