Canada to begin free trade agreement negotiations with Indonesia
A first round of negotiations between the two countries is anticipated to take place in late 2021
The Government of Canada announced that Canada and Indonesia will begin negotiations on a Comprehensive Economic Partnership Agreement (CEPA).
In public consultations held by the Federal Government earlier this year, Canadians expressed a high level of support for a possible Canada-Indonesia CEPA.
Consistent with the amended Policy on Tabling Treaties in Parliament, the Government tabled in the House of Commons a Notice of Intent to enter into CEPA negotiations with Indonesia. At a future date, and at least 30 days in advance of a first round of negotiations, the Government will also table Canada’s negotiating objectives.
With a population of 270 million and GDP of $1.4 trillion, Indonesia is Southeast Asia’s most populous country and largest economy.
Indonesia is the second-largest destination for Canadian direct investment in the region, with Canadian direct investment valued at $3.5 billion at the end of 2020.
A first round of negotiations is anticipated to take place in late 2021.