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.
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Nine people were killed and 26 others injured when a passenger bus rolled off a road and plunged into a ravine in southern Türkiye’s Antalya province on Sunday (1 February), local officials said.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 2nd of February, covering the latest developments you need to know.
At least 12 people were killed and seven wounded after a Russian drone struck a bus carrying miners in Ukraine's southeastern Dnipropetrovsk region, government officials said on Sunday (1 February).
The United States accused Cuba of interfering with the work of its top diplomat in Havana on Sunday (1 February) after small groups of Cubans jeered at him during meetings with residents and church representatives.
Heavy snow continued to batter northern and western Japan on Saturday (31 January) leaving cities buried under record levels of snowfall and prompting warnings from authorities. Aomori city in northern Japan recorded 167 centimetres of snow by Friday - the highest January total since 1945.
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