An archive photo
SAINT PETERSBURG, 22 December (BelTA) – A free trade agreement between Indonesia and the Eurasian Economic Union was signed during a meeting of the Supreme Eurasian Economic Council in St. Petersburg, BelTA has learned.
The free trade agreement is expected to create conditions for a substantial expansion of mutual trade, saturating markets with high-quality goods and helping businesses enter new markets. It encompasses a combined market of approximately half a billion people.
Following the EAEU summit, Chairman of the Board of the Eurasian Economic Commission Bakytzhan Sagintayev said that trade turnover between the signatories will double after the agreement enters into force.
Another international document adopted at the summit was an agreement to launch negotiations with the Republic of Uzbekistan on the exchange of information concerning international transportation.
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