{
    "success": true,
    "data": {
        "id": 1957963,
        "msgid": "i-eaeu-fta-opens-access-to-indonesias-290-million-consumers-prabowo-1788436348",
        "date": "2026-09-03 18:23:56",
        "title": "I-EAEU FTA opens access to Indonesia's 290 million consumers: Prabowo",
        "author": "",
        "source": "ANTARA_EN",
        "tags": "",
        "topic": "Trade",
        "summary": "President Prabowo Subianto has highlighted the potential of the Indonesia-EAEU Free Trade Agreement to provide Indonesian producers with access to five Eurasian markets. The agreement aims to reduce tariffs on over 90 per cent of traded goods, with the President proposing a target to double bilateral trade with Russia during the initial review period.",
        "content": "<p>Speaking at the 11th Eastern Economic Forum in Vladivostok on\nThursday, the president noted that the agreement will also open access\nfor Indonesian producers to the five EAEU member states\u2014Armenia,\nBelarus, Kazakhstan, Kyrgyzstan, and Russia.<\/p>\n<p>\u201cThis agreement is a South-South trade architecture. It opens five\nmarkets to Indonesian producers and gives Eurasian producers access to\nmore than 290 million Indonesian consumers,\u201d he said during the event\nbroadcast on the Indonesian Presidential Secretariat\u2019s YouTube\nchannel.<\/p>\n<p>Signed in St.\u00a0Petersburg on December 21, 2025, the I-EAEU FTA\nincludes the elimination or reduction of duties on 11,882 tariff lines,\ncovering over 90 percent of traded goods.<\/p>\n<p>Prabowo aims to double trade between Indonesia and Russia during the\nFTA\u2019s first review period. This boost, he said, will be driven by the\ncomplementary nature of both economies and the agreement\u2019s planned entry\ninto force in early 2027.<\/p>\n<p>\u201cHere, in this forum, I propose that Indonesia and Russia set a clear\nchallenge for ourselves to double our trade within the first review\nperiod of the Indonesia-Eurasian Economic Union Free Trade Agreement,\u201d\nhe remarked.<\/p>\n<p>According to the president, Indonesia serves as a natural entry point\nfor Eurasian businesses to the ASEAN market, citing its position as the\nregion\u2019s largest market and the hub of the Regional Comprehensive\nEconomic Partnership (RCEP).<\/p>\n<p>Prabowo underscored that Indonesia wants the FTA to take effect and\nbe utilized as soon as the exchange of notifications is completed,\ncalling on EAEU member states to finalize their respective internal\nprocedures promptly.<\/p>\n<p>Meanwhile, Indonesian business delegates attending the forum are\nreportedly preparing pilot shipments, finding buyers, securing\nlogistics, and finalizing payment arrangements to make full use of the\ntrade deal.<\/p>\n<p>Related news: Indonesia a key Asia-Pacific partner, trusted ASEAN\nfriend: Putin<\/p>\n<p>Translator: Maria Cicilia, Raka Adji<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/i-eaeu-fta-opens-access-to-indonesias-290-million-consumers-prabowo-1788436348",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}