INDONESIA and Canada signed the Indonesia-Canada Comprehensive Economic Partnership Agreement (CEPA) at the opening of Canada’s Trade Mission to Indonesia on Monday in Jakarta.
The signing was conducted by Indonesia’s Minister of Trade Budi Santoso, and Canada’s Minister of Export Promotion, International Trade, and Economic Development Mary Ng.
“After more than 2.5 years, Indonesia has successfully secured a comprehensive trade agreement with Canada that will expand market access for Indonesian products in North America,” said Budi. In addition to goods trade, the CEPA also provides special treatment for Indonesian service providers in sectors such as business, telecommunications, construction, tourism, and transport, while easing investment access across various sectors.
The agreement also includes commitments on intellectual property, e-commerce, business competition, small- and medium-sized enterprises, women’s empowerment, environment and labour.
Xinhua
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