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EAEU-Indonesia free trade zone may be set up after Jakarta files request

May 19, 10:16 UTC+3 SOCHI
Work on establishing the free trade zone between the Eurasian Economic Union (EAEU) and Indonesia may start after Jakarta files a corresponding application
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Russian President Vladimir Putin and Indonesian President Joko Widodo

Russian President Vladimir Putin and Indonesian President Joko Widodo

© Mikhail Metzel/TASS

SOCHI, May 19. /TASS/. Work on establishing the free trade zone between the Eurasian Economic Union (EAEU) and Indonesia may start after Jakarta files a corresponding application, Russian First Deputy Economic Development Minister Alexey Likhachev told reporters on Thursday.

"The official process may start only after the Indonesian side files a corresponding request to EAEU," Likhachev said.

Russian President Vladimir Putin said on Wednesday that he discussed establishing the free trade zone between EAEU and Jakarta with Indonesian President Joko Widodo.

A source in the Eurasian Economic Commission told reporters that no official request has yet been received from Indonesia.

Eurasian Economic Union

The Treaty on the establishment of the Eurasian Economic Union was signed by the presidents of Russia, Belarus and Kazakhstan on May 29, 2014 in Astana.

The agreement is the basic document defining the accords between Russia, Belarus and Kazakhstan for creating the Eurasian Economic Union for the free movement of goods, services, capital and workforce and conducting coordinated, agreed or common policies in key sectors of the economy, such as energy, industry, agriculture and transport.

The agreement stipulates the transition of Russia, Belarus and Kazakhstan to the next stage of integration after the Customs Union and the common economic space. Kyrgyzstan and Armenia also joined the EAEU.

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