Jakarta (ANTARA) - Trade Minister Budi Santoso said the Indonesia–Eurasian Economic Union Free Trade Agreement (Indonesia-EAEU FTA) is intended to support micro, small and medium enterprises (MSMEs).He said the agreement offers significant business opportunities and urged Indonesian exporters to swiftly take advantage of the facilities provided under the FTA.
“This agreement will provide legal certainty and transparency for the business community, making the trade environment more predictable and conducive. In addition, the Indonesian government will ensure that the implementation of the agreement is carried out effectively, transparently, and in a manner that supports businesses, including micro, small and medium enterprises,” said Santoso in a statement on Tuesday.
He added that the increasingly open Eurasian Economic Union market is expected to attract Indonesian businesses. Importers in the region will find it easier to bring Indonesian products into the EAEU market, with the potential to expand to neighboring regions such as Central Asia.
Budi also emphasized that Indonesia and the Eurasian Economic Union have agreed to position economic cooperation as a key pillar by promoting collaboration across various strategic sectors, including agriculture, industry, energy, transportation, logistics, the digital economy, and the development of sustainable value chains.
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Meanwhile, Director General of International Trade Negotiations of the Ministry of Trade Djatmiko Bris Witjaksono called for active participation from businesses and stakeholders to ensure the successful implementation of the FTA and translate it into tangible economic gains.
“Although the negotiations have concluded, the real work has only just begun. Collaboration among all parties is needed to ensure that the FTA with the Eurasian Economic Union can be utilized optimally and that implementation challenges can be addressed effectively,” said Djatmiko.
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Separately, Chairman of the Board of the Eurasian Economic Commission Bakytzhan Sagintayev said the meeting discussed several strategic issues, including trade, logistics, and other sectors aimed at strengthening economic cooperation between the two sides.
“We hope that once this agreement is implemented, trade between our countries can double,” said Sagintayev.
