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.
Formula One cars from the 1950s to the 1970s returned to the streets of Monaco on Sunday (26 April) for the 15th Historic Grand Prix, organised by ...
President Donald Trump said on Sunday Iran could telephone if it want...
Adidas shares rose after Kenya’s Sebastian Sawe delivered a historic performance at the London Marathon on Sunday (26 April), becoming the fi...
An overnight Russian drone attack on Ukraine's southern city of Odesa has wounded at least 10 people, inclu...
150 senior leaders from the oil and trade industry met in Baku last week for the second annual Caspian and Central Asia Oil Trading and Logistics F...
Formula One cars from the 1950s to the 1970s returned to the streets of Monaco on Sunday (26 April) for the 15th Historic Grand Prix, organised by the Automobile Club of Monaco.
An overnight Russian drone attack on Ukraine's southern city of Odesa has wounded at least 10 people, including two children, and inflicted severe structural damage across several residential neighbourhoods, Ukrainian officials confirmed on Monday morning.
150 senior leaders from the oil and trade industry met in Baku last week for the second annual Caspian and Central Asia Oil Trading and Logistics Forum, as the world grapples with oil and energy shortages linked to the Middle East conflict.
Market reaction to DeepSeek’s preview of its next-generation artificial intelligence model has been relatively subdued, in sharp contrast to the global shock triggered by its breakthrough releases last year.
China’s growing use of electric and hydrogen-powered vehicles took centre stage at the Beijing Auto Show 2026, which opened on 24 April, highlighting the country’s expanding clean transport ambitions.
U.S. President Donald Trump and First Lady Melania Trump were rushed out of the White House Correspondents' Association Dinner by Secret Service agents after a 31 year old suspect attempted to storm event.
More than 1,000 firefighters are battling to contain two major wildfires in northern Japan for a fourth consecutive day, as flames advance towards residential areas and force thousands to flee.
President Donald Trump said on Sunday Iran could telephone if it wants to negotiate an end to their two-month war. Tehran said the U.S. should remove obstacles to a deal, including its blockade of Iran's ports. Meanwhile Iranian Foreign Minister Abbas Araghchi arrives in St Petersburg for talks.
U.S. President Donald Trump says it was "too expensive" for Witkoff and Kushner to go to Islamabad as Iran says they are waiting to see if America is "truly serious about diplomacy". Israel's armed forces has launched a missle attack into Lebanon after Hezbollah fired rockets into north Israel.
An overnight Russian drone attack on Ukraine's southern city of Odesa has wounded at least 10 people, including two children, and inflicted severe structural damage across several residential neighbourhoods, Ukrainian officials confirmed on Monday morning.
Taiwan’s defence minister has downplayed the impact of new Chinese sanctions on seven European firms, saying they will not disrupt the island’s access to weapons.
The top U.S. diplomat in Taiwan on Monday urged the island’s opposition-controlled parliament to approve President Lai Ching-te’s proposed $40 billion supplemental defence budget, citing rising pressure from China.
Formula One cars from the 1950s to the 1970s returned to the streets of Monaco on Sunday (26 April) for the 15th Historic Grand Prix, organised by the Automobile Club of Monaco.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 27th of April, covering the latest developments you need to know.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment