In January-May 2023, the trade turnover between Kazakhstan and Indonesia amounted to $172.4 million

On July 26, 2023, the second round of negotiations on the conclusion of a Free Trade Agreement between the EAEU member states and the Republic of Indonesia ended in Moscow.

Experts from the Ministry of Trade and Integration and the Ministry of Justice of the Republic of Kazakhstan were represented in the negotiating team of the EAEU member states.

The parties continued to discuss the provisions of the future agreement, including issues of trade in goods, the application of protective measures, rules of origin of goods, industry cooperation, intellectual property, etc.

It is noteworthy that the Ambassador of the Republic of Indonesia to Kazakhstan Mohamad Fajrul Rahman took part in these negotiations. During the opening ceremony of the second round of negotiations, he announced an ambitious goal of reaching the $ 1 billion mark in mutual trade between Kazakhstan and Indonesia, and also identified important sectors of cooperation from Indonesia's point of view that should help achieve this goal – among them food trade, especially the halal industry.

Vice Minister of Trade and Integration of the Republic of Kazakhstan Janelle Kushukova noted that the negotiations themselves are an excellent signal for businesses to seek mutually beneficial contacts and enter the counter-partner market.

«We look forward to the exchange of tariff proposals – a key part of any free trade agreement. I believe that a constructive approach and the ability to satisfy each other's interests will allow us to achieve tangible results that will become the basis for further growth of trade between our countries» - Vice Minister Kushukova added.

For reference: On May 27, 2022, the Supreme Eurasian Economic Council adopted Decision No. 6 on the start of negotiations on the conclusion of a Free Trade Agreement between the EAEU and its member states, on the one hand, and the Republic of Indonesia, on the other hand.

The trade turnover between Kazakhstan and Indonesia in January-May 2023 amounted to 172.4 million US dollars, which is 3.7% higher than in the same period of the previous year (166.2 million US dollars).

Exports from Kazakhstan to Indonesia in January-May 2023 decreased by 48.2% and amounted to 78.4 million US dollars. The main exports from Kazakhstan to Indonesia are: ferroalloys - 74.8 million US dollars (with a share of 95.4%), coal - 3.2 million US dollars (4.1%), buckwheat, millet and other cereals - 259.2 thousand US dollars (0.33%).

Imports to Kazakhstan from Indonesia in January-May 2023 increased by 6.3 rubles and amounted to 94.0 million US dollars. The main import goods to Kazakhstan from Indonesia are: televisions, monitors and projectors - 41 million US dollars (with a share of 43.6%), passenger cars - 18.1 million US dollars (19.2%), palm oil - 3.9 million US dollars (4.1%), media - 2.9 million US dollars. US$ 3.1%), coconut oil - US$ 2 million (2.2%), electric musical instruments - US$ 1.9 million (2%), footwear with textile uppers - US$ 1.8 million (1.9%), road and construction equipment - US$ 1.4 million. USA (1.5%).