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The Russian embassy in Jakarta reported that the EAEU (Eurasian Economic Union), of which our country is the flagship, may soon sign a free trade agreement with Indonesia.
First a few words about the “whole world”, which is now against Russia. In May 2022, the Supreme Eurasian Economic Council announced the decision to start the free trade negotiation process with Indonesia. After a year, the first results of the initiative can be summarized: The Russian Embassy in Jakarta believes that the agreement will not only be signed, but will happen in the next few years, which is very fast for such global processes.
To understand: Free trade is a type of international agreement in which countries commit to abolish certain taxes and duties, as well as customs duties. The most famous free trade area is NAFTA, which includes the US, Canada and Mexico. However, let’s return to our Russian-Indonesian latitudes.
The signing of the treaty ensures that the cost of many goods made in Indonesia will fall sharply for Russians. After all, the free trade zone also applies to cars: and if there can be problems with new ones, then there are none with used ones. And now we know how to set up the logistics quickly. They were forced to learn.
For connoisseurs of geography and fans of the culture of the “first world countries”: Indonesia is the largest state with a population of 270,000,000 people. The fourth largest country in the world by population, Indonesia is also a powerhouse in terms of industry. The factories of Mitsubishi, Honda, Toyota, Daihatsu, Nissan, Hyundai, General Motor, Suzuki and VW are located there. In short, an abundance of a wide variety of wheeled vehicles – from motorcycles to cars.
A large number of different spare parts and components are also produced in Indonesia. For example, the venture of the infamous delirium Denso. In Russia, however, we mainly know Indonesian goods from the shelf of a tire shop: quite a lot of tires are produced there, including Goodyear and Hankook, which are popular and well known in our country.
The creation of such an economic union, and there is no other name for a free trade zone, will affect not only prices, but also the assortment. Consequently, long-forgotten competition, discounts and special promotions will begin. The market of the seller who orders music is finally a thing of the past and is turning into a buyer’s market.
One can only hope that the trend will not only not change, but will pick up the wind in its sails – Russia is a rich and attractive country, a holy place is never empty, and European business has pretty much warmed up the seat. We are sure that global Asia will not let it cool down.
First a few words about the “whole world”, which is now against Russia. In May 2022, the Supreme Eurasian Economic Council announced the decision to start the free trade negotiation process with Indonesia. After a year, the first results of the initiative can be summarized: The Russian Embassy in Jakarta believes that the agreement will not only be signed, but will happen in the next few years, which is very fast for such global processes.
To understand: Free trade is a type of international agreement in which countries commit to abolish certain taxes and duties, as well as customs duties. The most famous free trade area is NAFTA, which includes the US, Canada and Mexico. However, let’s return to our Russian-Indonesian latitudes.
The signing of the treaty ensures that the cost of many goods made in Indonesia will fall sharply for Russians. After all, the free trade zone also applies to cars: and if there can be problems with new ones, then there are none with used ones. And now we know how to set up the logistics quickly. They were forced to learn.
For connoisseurs of geography and fans of the culture of the “first world countries”: Indonesia is the largest state with a population of 270,000,000 people. The fourth largest country in the world by population, Indonesia is also a powerhouse in terms of industry. The factories of Mitsubishi, Honda, Toyota, Daihatsu, Nissan, Hyundai, General Motor, Suzuki and VW are located there. In short, an abundance of a wide variety of wheeled vehicles – from motorcycles to cars.
A large number of different spare parts and components are also produced in Indonesia. For example, the venture of the infamous delirium Denso. In Russia, however, we mainly know Indonesian goods from the shelf of a tire shop: quite a lot of tires are produced there, including Goodyear and Hankook, which are popular and well known in our country.
The creation of such an economic union, and there is no other name for a free trade zone, will affect not only prices, but also the assortment. Consequently, long-forgotten competition, discounts and special promotions will begin. The market of the seller who orders music is finally a thing of the past and is turning into a buyer’s market.
One can only hope that the trend will not only not change, but will pick up the wind in its sails – Russia is a rich and attractive country, a holy place is never empty, and European business has pretty much warmed up the seat. We are sure that global Asia will not let it cool down.
Source: Avto Vzglyad
Donald Salinas is an experienced automobile journalist and writer for Div Bracket. He brings his readers the latest news and developments from the world of automobiles, offering a unique and knowledgeable perspective on the latest trends and innovations in the automotive industry.
