Armenian government approves draft law ratifying free trade agreement between Eurasian Economic Union (EAEU) and Indonesia

YEREVAN, April 30. /ARKA/. On Thursday, the Armenian government sanctioned a draft law that ratifies the free trade agreement between the Eurasian Economic Union (EAEU), its member states, and Indonesia, which was signed on December 21, 2025, in St. Petersburg.

As outlined in the rationale for the draft decision, the agreement aims to liberalize and simplify trade in goods among the parties. This includes reducing both tariff and non-tariff barriers, enhancing economic and trade interactions, and encouraging the growth of mutual trade.

The agreement addresses a broad spectrum of economic cooperation issues, encompassing legal and horizontal obligations, the simplification and promotion of mutual trade, domestic market protection, customs regulations, sanitary and phytosanitary measures, technical trade barriers, e-commerce, intellectual property, competition, and other relevant areas.

In terms of agricultural products, Armenia's proposals focus on items of priority export interest. Notably, these include mineral waters, which currently have a duty of 5% that will be eliminated to 0% once the agreement is enacted; canned fruits and vegetables, which will see a reduction from 20% to 0%; fruit juices, from 5% to 0%; and jams, which will decrease from 5% with a subsequent reduction of 50%.

For industrial goods, selections were made based on a similar rationale, including copper products, which currently incur a 5% duty that will be reduced to 0% or phased out over three years; pharmaceuticals, which will drop from 5% to 0% or, for certain items, will see a gradual reduction to 0% over a period of 3-15 years; and jewelry, which will decrease from 15% with a gradual reduction to 0% over 5-15 years.-0-