Jakarta, Dec. 12 -- Trade Minister Budi Santoso projected the trade between Indonesia and the Eurasian Economic Union (EAEU) to increase by 100 percent after the ratification of the Indonesia-EAEU Free Trade Agreement (I-EAEU FTA) by year-end.

"We target our trade to multiply, up to 100 percent," Santoso stated here on Friday.

With the free trade agreement in place, Indonesian products entering EAEU member countries, namely Russia, Kazakhstan, Armenia, Belarus, and Kyrgyzstan, will receive a 0 percent tariff.

According to the minister, Indonesia has significant market potential in EAEU countries, as it also imports commodities from the region. "We import products from these countries, including wheat and fertilizers," he added.

Among ...