Indonesia, Canada ink CEPA to expand trade, investment opportunities
Indonesia and Canada have signed the Comprehensive Economic Partnership Agreement (CEPA), marking a milestone in strengthening economic relations between the two G20 countries.
Jakarta (VNA) - Indonesia and Canada have signed the Comprehensive Economic Partnership Agree💦ment (CEPA), marking a milestone in strengthening econ🎶omic relations between the two G20 countries.
The CEPA was inked on December 2 after three years of negotiations, and is expected to take effect in 2026.
Indonesian Trade Minister Budi Santoso stressed the importance of the partnership in advancing the country’s economic and sustainable development goals.
He said Indonesia appreciates Canada's support for its plan to prioritise its critical minerals sector, which is vital for its sustainable growth.
The agreement is expected to bring substantial benefits to Indonesia by liberalising 90.5% of tariffs on goods entering Canada, with a trade value of 1.4 billion USD.
Bilateral trade between Indonesia and Canada reached 3.4 billion USD last year, with Canadian estimates for 2023 placing it at 5.1 billion USD. Canada’s exports to Indonesia include agricultural products and fertilisers, while Indonesia exports machinery, electrical equipment, garments, and footwear to Canada./.
Indonesia’s rice production is projected to reach 32 million tonnes in 2025, marking a 3% increase over the estimated 31 million tonnes for this year, according to the country's Coordinating Minister for Food Affairs Zulkifli Hasan.
Indonesian President Prabowo Subianto has announced that minimum wages will increase by an average of 6.5% in 2025 to ensure labourers’ living conditions.
Indonesia’s Transportation Ministry has decided to provide a 10% discount for domestic flight tickets during the 2024 Christmas and 2025 New Year's holiday period, in a bid to stimulate tourism demand among Indonesian visitors.
Member states also reviewed progress on six priority areas for 2025, including the development of an underground cable framework, the follow-up agreement to the ASEAN Petroleum Security Agreement (APSA), the launch of the ASEAN Energy Efficiency Database, and the rollout of an investment platform for sustainable building initiatives.
In March, Thai Prime Minister Paetongtarn Shinawatra met with Formula 1 chief Stefano Domenicali and said Thailand would commission a feasibility study into hosting a Grand Prix on a Bangkok street circuit from 2028.
The proposed giant sea wall aligns with bilateral cooperation and has been designated a national priority, considering that several regions in Indonesia are experiencing land subsidence of 10–15 centimetres per year.
International flights were cancelled including Jetstar and Virgin Australia flights to cities across Australia, and flights of Air India, Air New Zealand, Singapore's TigerAir and China's Juneyao Airlines.
The partnership aims to strengthen collaboration in the exploration and exploitation of mineral resources, including gold, copper, and manganese, as well as in the development of steel, aluminum, and renewable energy industries.
The Thai cabinet has approved a seven-year EV bus leasing scheme proposed by the Bangkok Mass Transit Authority (BMTA) for the capital, with an estimated cost of 15.35 billion THB (over 470 million USD).
Aircraft are prohibited from flying below 6,000 metres in the vicinity of the volcano, and should also remain alert to the presence of volcanic ash, which can disrupt flights.
Laos declared the transfer of the press management functions of five key media agencies and associated personnel to the Propaganda and Training Board of the Lao People's Revolutionary Party Central Committee.
Univers said in a statement that the new centre will serve as a hub for innovation, bringing together digital intelligence and climate ambition to accelerate Sarawak's transition toward a low-carbon, tech-enabled economy.
The target is to be completely free from plastic waste within two years. This can only be achieved if all parties implement the initiative with strong discipline.
Indonesia is taking new steps to improve protections for fishery workers, amid concerns over low wages, harsh working conditions, and limited access to social welfare.
The 2025 ASEAN- the Republic of Korea (RoK) Connectivity Forum that opened in Jakarta on June 17 reaffirmed a shared commitment to shaping a connected, resilient future by advancing the ASEAN Connectivity Strategic Plan.
The desk will serve as a service centre providing market intelligence, business licensing guidance, facilitating business cooperation, identifying potential investment projects, and harmonising regulatory policies between the two parties.
Malaysian Prime Minister Anwar Ibrahim noted that the Asia-Pacific region accounted for half of global energy consumption and 60% of greenhouse gas emissions in 2024. Despite this, regional countries, including eight of ten ASEAN member states, remain committed to climate goals, including net-zero emissions and tripling global renewable capacity by 2030.
The new halal cooperation arrangement will streamline halal certification and product assurance processes, making it easier for New Zealand exporters to access the Indonesian market.
VAMAF President Datuk Shaharuddin Omar shared the plan at the association’s 103rd anniversary ceremony, noting support from the Vietnam Veterans Association. The initiative is expected to open new markets for Malaysian Halal products and improve livelihoods for its members.
