The free trade agreement between Indonesia and the Eurasian Economic Union (EAEU) will open up new horizons in the development of cooperation between Moscow and Jakarta. This was stated by Russian Foreign Minister Sergey Lavrov in an interview with the Indonesian newspaper Kompas, published on the ministry’s website.
“A joint statement on the completion of negotiations was adopted on the sidelines of the St. Petersburg International Economic Forum. We expect the agreement to be signed before the end of this year,” he said.
According to him, the main guideline for cooperation between Russia and Indonesia is the provisions of the Declaration on Strategic Partnership. It enshrines the intention to strengthen ties in the fields of energy, mining and processing of minerals, construction and modernisation of infrastructure, agriculture, banking and tourism, Lavrov added.
The Head of the Foreign Ministry recalled that the countries are negotiating the participation of Russian economic operators in hydrocarbon production on the Indonesian shelf, oil and liquefied natural gas supplies. He also stated Russia’s readiness to implement joint projects on the use of nuclear technologies in medicine, and agriculture.
Photo:
Russian Foreign Ministry
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