January 14, 2021
The Government of Canada is seeking the views of Canadians on a possible comprehensive economic partnership agreement (CEPA) between Canada and Indonesia, including the scope of potential negotiations.
Indonesia is the largest export market for Canada in Southeast Asia and a key destination for Canadian investment in the region. Bilateral merchandise trade reached a total value of $3.7 billion in 2019. Indonesia is also the second-largest destination for Canadian direct investment in the region, with a value totalling $3.84 billion at the end of 2019.
A CEPA with Indonesia could benefit importers and exporters of goods and services, as well as investors and consumers, by improving bilateral market access and enhancing the transparency and predictability of trade and investment for Canadian business, including micro-, small- and medium-sized enterprises. Such an agreement could also provide Canada with the opportunity to strengthen its bilateral relationship with Indonesia and could provide broader economic and strategic benefits to Canada in this region.
All interested parties are invited to submit their views by February 23, 2021.
Link: Consulting Canadians on a possible Canada-Indonesia comprehensive economic partnership agreement