Indonesia and Uzbekistan Launch Free Trade Agreement Negotiations
According to a written statement, the launch was marked by the signing of a joint statement by both parties via video conference. In addition, both sides signed an Agreement on Trade and Investment Cooperation.
“Today’s launch of the Indonesia-Uzbekistan FTA negotiations marks a significant step in strengthening trade and investment cooperation between the two countries. We are optimistic that this agreement will be a catalyst for inclusive and sustainable economic growth,” Santoso said.
The initiative reflects both nations’ vision to build an increasingly close, open, and sustainable economic partnership amid evolving global economic dynamics.
The minister expressed hope that the Indonesia-Uzbekistan FTA would expand market access for each country’s flagship products, strengthen value chains, and create tangible opportunities for businesses, including micro, small, and medium enterprises (MSMEs).
Uzbekistan is a strategic partner in Central Asia for enhancing Indonesia’s regional and global trade connectivity. Its strategic geographical position could serve as a gateway for Indonesian products to access broader regional markets.
Santoso emphasized that the Indonesian negotiating team will work optimally and constructively to conclude the talks on schedule while safeguarding national interests.
He also expressed appreciation to Kudratov for strengthening bilateral cooperation through a solid foundation of partnership.
Meanwhile, Kudratov reaffirmed Uzbekistan’s strong commitment to deepening bilateral cooperation with Indonesia.
Alongside the FTA launch, the two ministers signed an Agreement on Trade and Investment Cooperation, which includes the establishment of a joint working group.
The working group will intensify exchanges of information, knowledge, and technical expertise; identify and implement mutually beneficial projects; and organize joint training programs, meetings, and seminars.
In 2025, total trade between Indonesia and Uzbekistan reached $181.4 million, reflecting a 48.9 percent increase over the past five years (2021–2025).
This growth underscores rising confidence among business communities in both countries and highlights the need for a more structured framework to maximize existing potential.
Related news: East Java explores sister province cooperation with Samarkand
Related news: Heritage in Harmony: Indonesia, Uzbekistan deepen cultural links
Translator: Maria Cicilia, Raka Adji