Jakarta seals trade agreement with Canada

Exports push: Budi (left) and Ng shake hands after signing the agreement in Jakarta. The trade pact, which will come into effect in 2026, gives Indonesian exporters greater access to the Canadian market, with 90.5% of tariff lines eliminated. — Reuters

JAKARTA: Indonesia has finalised a Comprehensive Economic Partnership Agreement with Canada (I-CA CEPA), marking Jakarta’s first free trade deal with a North American country.

South-East Asia’s biggest economy expects the agreement to pave the way for greater access to the region, including to the United States.