EAEU-Indonesia Free Trade Agreement Expected to Take Effect by Year-End, EEC Says

A free trade agreement between the Eurasian Economic Union (EAEU) and Indonesia is expected to enter into force by the end of the year, according to Bakytzhan Sagintayev, a member of the Eurasian Economic Commission (EEC), as reported by TASS.

"Ratification procedures on the free trade agreement with Indonesia are currently underway," Sagintayev said, according to TASS.

The EAEU is a regional economic bloc that includes Russia, Kazakhstan, Belarus, Armenia and Kyrgyzstan. The Eurasian Economic Commission serves as the bloc's regulatory body, overseeing trade and economic policy among member states.

Further details on the specific terms of the agreement, the timeline for ratification by individual member states, or the scope of sectors covered by the deal were not immediately available from the source.

TASS did not provide additional context on when the agreement was originally signed or negotiated.