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coastalfljax.com Eurasian markets. The agreement was signed on December
21, 2025, at the EAEU Summit in Saint Petersburg, Russia,
with Trade Minister Budi Santoso representing Indonesia.
The FTA is expected to help Indonesia penetrate a market
of around 180 million people with a combined GDP of US$2.56
trillion while supporting the country’s strategy to diversify

export destinations and attract new investment, particularly
in manufacturing and agriculture.
The pact consists of 15 chapters covering market access,
trade facilitation and economic cooperation and includes the
EAEU’s commitment to apply preferential tariffs on 90.5% of
tariff lines for Indonesian products. This is projected to boost
success in reducing emissions depends heavily on forest exports of palm oil and its derivatives, textiles, footwear, fishery
management performance in the regions. products, natural rubber, furniture and electronics.
One key financing mechanism is the ART-TREES scheme In return, Indonesia offers EAEU members access to its

which applies a jurisdictional, performance-based approach large and growing domestic market of 281.6 million people and
while maintaining environmental integrity and international a GDP of US$1.4 trillion, marking the Agreement as a strategic
accountability. step toward deeper and balanced economic partnership.
The ministry praised regional leaders for their commitment
to forest and environmental protection. VIETNAM
The ministry encourages regional governments to further Wood and Wood Product (W&P) trade highlights
strengthen forest conservation, reduce deforestation and According to the Vietnam Customs Office W&WP exports

degradation, improve data and monitoring systems and ensure in November 2025 reached US$1.55 billion, up five percent
fair and sustainable participation of indigenous peoples and compared to November 2024.
local communities. The WP export share was US$1.06 billion, up three
According to an October 2025 report, Indonesia’s REDD+ percent compared to November 2024. In the first 11 months
implementation has successfully reduced emissions in the of 2025 W&WP exports were recorded at US$15.6 billion,
forestry and land-use sector and gained international recognition up six percent over the same period in 2024, of which WP
through Result-Based Payments totalling US$499.8 million, exports earned US$10.67 billion, up five percent over the
with US$340.7 million already disbursed. same period in 2024.
This includes US$103.8 million in support from the Green Vietnam’s W&WP imports in November 2025 were at 483,200

Climate Fund through UNDP. cubic metres, worth US$154.6 million, down three percent in
volume and 2.5 percent in value compared to October 2025.
FTA with EAEU signed, Indonesia eyes wider Eurasian Compared to November 2024 there was an increase of
market access three percent in volume and three percent in value. In the first
Indonesia has signed a free trade agreement (FTA) with the 11 months of 2025, imports accumulated at 6.12 million cubic
Eurasian Economic Union (EAEU) to reduce trade tariffs and metres, worth US$1.94 billion, up 21 percent in volume and
expand access for Indonesian products to non-traditional 18 percent in value over the same period in 2024.