TEMPO.CO, Jakarta - Indonesian Coordinating Minister for the Economy Airlangga Hartarto held a virtual meeting with Minister of Trade Andrey Alexandrovich Slepnev of the Eurasian Economic Commission (EEC) on Thursday, July 10, 2025. Airlangga mentioned that the meeting with EEC signifies a crucial step towards finalizing the negotiation of the Indonesia-Eurasian Economic Union Free Trade Agreement (I-EAEU FTA).
"We welcome the results achieved by the negotiation team," said Airlangga in a written statement on Thursday.
EEC is an economic integration organization whose members include several countries in the Eurasian region. This meeting is a follow-up agenda from the previous negotiation process conducted during a bilateral meeting in Jakarta at the end of last May.
In Thursday's negotiation, both parties aimed to complete the legal scrubbing process as soon as possible so the trade agreement could be formally signed in December. "Our team is ready to carry out the process according to the agreed schedule," said Andrey Slepnev through the same release.
Trade relations between Indonesia and the EAEU are said to be growing, with a surge of 84.40 percent reaching US$1.57 billion in the first quarter of 2025. EAEU has realized investments worth US$273.7 million in Indonesia, compared to the total realization in 2023.
This relationship also supports a combined population of over 460 million people and opportunities to expand market access through the I-EAEU FTA. The Indonesian government believes this cooperation will diversify markets and strengthen Indonesia's national economic resilience.
This step involves strengthening Indonesia's economic cooperation with various partner countries and strategic regions worldwide amid recent global trade dynamics, including efforts to address protectionist issues.
Editor's Choice: INA Reports Rp65.4tn in Total Investments in May
Click here to get the latest news updates from Tempo on Google News
INA Reports Rp65.4tn in Total Investments in May
7 jam lalu
The Indonesia Investment Authority (INA) reported a cumulative investment value of Rp65.4 trillion since its establishment in 2020 through May 2025.
Indonesia U-23 to Skip Friendlies Ahead of 2025 AFF U-23 Championship
8 jam lalu
The Indonesian U-23 national team coach, Gerald Vanenburg, opts for internal matches to test strategies and assess the players' qualities.
Indonesia Climbs to 118th in FIFA Rankings, Highest in 19 Years
11 jam lalu
The Indonesian national team collects 1154.55 points in the 118th position of the FIFA ranking, increasing by 11.63 points.
Today's Top 3 News: Indonesia Wins 3 Golds, 4 Silver Medals at the 2025 Asian Youth and Junior Weightlifting Championships
12 jam lalu
Here is the list of the top 3 news on Tempo English today.
Finance Minister Affirms Danantara Investments Must Serve Public Interest
13 jam lalu
Indonesian Finance Minister Sri Mulyani discusses long-term investment strategy with Danantara's Chief Investment Officer, Pandu Sjahrir.
Indonesian Govt Inaugurates Rumoh Geudong Memorial Living Park
14 jam lalu
Rumoh Geudong is a building that the Indonesian National Armed Forces (TNI) used during the Aceh conflict.
Trump Outlines 3 Demands to Cancel Indonesia's Import Tariffs
14 jam lalu
U.S. President Donald Trump has offered to reduce the 32 percent import tariff for Indonesia.
Prabowo Says Brazilian President Will Lead Businesspeople to Indonesia
14 jam lalu
Prabowo hopes the visit of the Brazilian President, along with hundreds of businesspeople, will lead to real cooperation as soon as possible.
AirAsia Launches New Routes to Bangkok, Balikpapan, Berau, and Tarakan
15 jam lalu
The Indonesian airline AirAsia has opened new international and domestic routes from Surabaya.
Indonesia Affirms BRICS Commitment Despite Trump's Tariff Threats
15 jam lalu
Minister of State Secretary Prasetyo Hadi ensures Indonesia's commitment to remain in BRICS despite the imposition of additional tariffs by US President Donald Trump.
