Canada has signed a Comprehensive Economic Partnership Agreement (CEPA) with Indonesia, marking Ottawa’s first-ever bilateral trade deal with an ASEAN member.
Prime Minister Mark Carney hosted Indonesian President Prabowo Subianto in Ottawa on Wednesday to announce the agreement, which aims to cut tariffs, remove non-tariff barriers and create a more transparent framework for trade and investment.
According to the Prime Minister’s Office, the deal will open new opportunities for Canadian industries including clean technology, agri-food, infrastructure, critical minerals and financial services. Once fully implemented in 2026, it will lift or reduce tariffs on more than 95% of Canada’s current exports to Indonesia, covering products such as wheat, potash, wood and soybeans.
To boost investment ties, Export Development Canada (EDC) and the Indonesia Investment Authority (INA) signed a Market Leader Partnership Agreement under which the EDC will provide up to $825 million in debt financing. Both sides said the deal will help attract investment in infrastructure, digital services, renewable energy and advanced manufacturing.
Carney and Subianto also welcomed a cooperation agreement between the Business Council of Canada and Kadin, Indonesia’s Chamber of Commerce and Industry, aimed at expanding trade missions and strengthening business networks.
Alongside the trade pact, Canada and Indonesia signed a Defence Cooperation Agreement, building on a memorandum reached last month. The new deal will expand collaboration in military training, maritime security, cyber defence and peacekeeping.
The Prime Minister’s Office said the agreements are a key step in Canada’s Indo-Pacific Strategy and send ‘a strong signal’ of both countries’ commitment to peace and stability in the region.
Saudi Arabia said its air defences destroyed a Houthi drone south of Mecca before it could enter prohibited airspace over the holy city, as attacks...
China has officially opened the Pinglu Canal, a $10.75 billion waterway giving the country's landlocked southwest a shorter, direct route to th...
Uzbek President Shavkat Mirziyoyev held high-level talks in Seoul aimed at expanding South Korean investment, industrial cooperation and partnershi...
U.S. Central Command said 101 commercial vessels have been redirected in the Strait of Hormuz, while oil prices rose more than three per cent amid fresh regional attacks and supply concerns.
U.S. President Donald Trump has again said Iran is keen to reach a deal quickly, but a senior Iranian security official rejected the claim, saying Tehran will not negotiate until its conditions are met.
A Danish military helicopter came within “metres” of being struck by flares fired by a Russian warship, Denmark's Defence Minister Jeppe Bruus said on Tuesday. Russia accused Denmark of carrying out “dangerous manoeuvres” near its ship, and said it was investigating the incident.
Saudi Arabia said its air defences destroyed a Houthi drone south of Mecca before it could enter prohibited airspace over the holy city, as attacks by the Iran-aligned group deepen regional tensions.
European Commission President Ursula von der Leyen is outlining the EU's priorities in her annual State of the Union address, covering security, support for Ukraine, trade with China, migration, climate and artificial intelligence.
China has officially opened the Pinglu Canal, a $10.75 billion waterway giving the country's landlocked southwest a shorter, direct route to the sea and Southeast Asian markets.
Pakistan has condemned Houthi attacks on Saudi Arabia at the United Nations, warning that escalating fighting in Yemen and increased activity around the Bab al-Mandab Strait threaten regional stability, global shipping and energy security.
Former Kosovo President Hashim Thaçi has been sentenced to 25 years in prison after being found guilty of war crimes, including murder, torture, cruel treatment and arbitrary detention.
Wednesday's session of the 24th Arab Media Summit in Dubai has shifted the discussion towards a central question for modern media: how can regional news organisations tell their own stories while reaching audiences far beyond their borders?
Ukrainian President Volodymyr Zelenskyy said that Ukraine was carrying out tests on a new weapon to intercept drones and had recorded a successful hit overnight.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment