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The Republic of Indonesia is interested in developing cooperation with the EAEU

The Republic of Indonesia is interested in developing cooperation with the EAEU

5/22/2017

Opportunities for the development of trade and economic relations of the Eurasian Economic Union (EAEU) and Indonesia were discussed at an international seminar “Eurasian Economic Union: challenges and opportunities for Indonesia”, which took place at the Udayana University (Denpasar, the Republic of Indonesia). The Assistant Minister in charge of Integration and Macroeconomics of the Eurasian Economic Commission (EEC), Fedor Chernitsyn, said in his speech that the Commission was open to dialogue both in the EAEU-APEC multilateral format, and bilaterally.

The international seminar on the Eurasian integration project was made possible by the Ministry of Foreign Affairs and the Ministry of Trade of Indonesia. The event was attended by officials of the Republic of Indonesia, the employees of the Russian Foreign Ministry and the Russian Embassy in Indonesia, representatives of business and academia, as well as the expert community of the Asia-Pacific region.

Fedor Chernitsyn told about the goals and objectives of the Union, its current activities, prospects and opportunities offered by the common Eurasian market for the foreign business. The Assistant Minister drew attention to the experience of the Eurasian Commission with foreign partners in joint working parties that operate with Cambodia and Singapore. “This form of cooperation is the most appropriate and useful, particularly in the early stages of the dialogue, and undoubtedly contributes to the development of trade and economic ties between the EAEU countries and a foreign State, Chernitsyn said. “Striving to apply the idea of the continental Eurasian partnership, we are actively developing international cooperation and are open for dialogue, which we are ready to conduct both in the EAEU-APEC multilateral format and bilaterally in the EEC-Indonesia format.”

During the discussion, the representatives of Indonesia favoured the early establishment of direct cooperation between their government and the EEC and expressed the hope that the country would be able to reach the optimal format for participation in the Eurasian integration project, whose implementation had a positive impact not only on the development of the EAEU Member States directly, but also on building new economic cooperation chains throughout the Eurasian continent.