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Russian ministry expects free trade agreements with Indonesia, UAE to be concluded in 2025

Meanwhile the preliminary free trade agreement with Indonesia is planned to be concluded at the St. Petersburg International Economic Forum

ST. PETERSBURG, June 20. /TASS/. Russia’s Industry and Trade Ministry expects agreements on a free trade zone with Indonesia, the United Arab Emirates (UAE) and Mongolia to be concluded in 2025, State Secretary, Deputy Minister Roman Chekushov said at the St. Petersburg International Economic Forum (SPIEF).

Meanwhile the preliminary free trade agreement with Indonesia is planned to be concluded at the forum.

"Our negotiations with Indonesia are proceeding at a fairly good pace, we expect agreements with the United Arab Emirates and Mongolia to be concluded this year. <…> Regarding Indonesia, a preliminary agreement will be signed within the framework of the SPIEF. Therefore, we also expect to move on to the full-fledged signing this year," he said.

The St. Petersburg International Economic Forum (SPIEF) is taking place on June 18-21. This year, the event is held under the theme "Shared Values: The Foundation of Growth in a Multipolar World." The program includes the SME Forum, the Creative Industries Forum, the Day of the Future International Youth Economic Forum, the Drug Security Forum, and the Roscongress Urban Hub discussion platform. The Roscongress Foundation is the organizer of the St. Petersburg International Economic Forum. TASS is its information partner.

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Indonesia United Arab Emirates

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