ST. PETERSBURG, June 5. /TASS/. The ratification of the agreements on free trade zones (FTZs) of the Eurasian Economic Union (EAEU) with Indonesia and the UAE are scheduled to be completed in 2026, Russian Deputy Prime Minister Alexey Overchuk said in an interview with TASS on the sidelines of the St. Petersburg International Economic Forum (SPIEF).
When asked about the EAEU's plans to ratify agreements with countries such as Indonesia, the United Arab Emirates, and Mongolia, the Russian deputy prime minister pointed out that ratification with the latter "has already taken place, and the agreement enters into force on July 22."
"The United Arab Emirates is also actually on the way: procedures are being completed in some countries. The FTA with Indonesia was signed a little later, so there is a certain time lag," Overchuk explained. "I think the ratification procedures will be completed this year."
Commenting on the possibility of substantive negotiations on a free trade area with the countries of the South American Common Market (MERCOSUR), he said that "such issues were also considered and discussed," including during a visit of Russian Prime Minister Mikhail Mishustin to Brazil at the beginning of the year.
