YEREVAN /ARKA/. At its session on Monday, the National Assembly of Armenia approved the ratification of the free trade agreement between the Eurasian Economic Union (EAEU) and Indonesia. Armenian Deputy Minister of Economy Tigran Gasparyan stated that the Indonesian market is considered to have great potential, but exports from Armenia are very small, noting that the country is committed to opening new export markets. The agreement, signed on Decem- ber 21, 2025, in St. Petersburg, aims to liberalize and simplify trade between the parties, including by reducing tar- iff and non-tariff barriers, and to create favorable conditions for economic and trade cooperation. The document regulates a wide range of economic cooperation issues related to simplification and stimula- tion of mutual trade, protection of the domestic market, customs regulation, and sanitary and phytosanitary mea- sures. An integral part of the agree- ment are the attached lists, which re- flect the parties’ willingness to provide tariff preferences for specific types of goods. With regard to agricultural prod- ucts, the Armenian side’s proposals primarily include goods of primary export interest to the Republic of Ar- menia. Specifically, these include mineral waters (current customs duty of 5%, 0% after the agreement enters into force), canned fruits and vegeta- bles (current duty of 20%, 0% after the agreement enters into force), fruit juices (current duty of 5%, 0% after the agreement enters into force), jams (current duty of 5%, to be reduced by 50% after the agreement enters into force), and other goods. Industrial goods were also selected based on this principle. The list includes copper products (current customs duty is 5%, 0% or reduced to 0% for three years after the agreement enters into force), pharmaceuticals (current duty is 5%, 0% or reduced to 0% for certain products in this group for 3-15 years after the agreement enters into force), jewelry (current duty is 15%, reduced to 0% for certain products in this group for 5-15 years), and other goods.