The global trade landscape is rapidly changing as the United States fundamentally transforms all of its trading relationships. In this new era, our partners will no longer rely only on the strength of our values but also the value of our strength. We are building our strength at home, diversifying our partnerships abroad, and building a web of new connections to pursue our interests.
To that end, the Prime Minister, Mark Carney, welcomed the President of Indonesia, Prabowo Subianto, to Ottawa today to announce the new Canada-Indonesia Comprehensive Economic Partnership Agreement (CEPA). This is Canada’s first-ever bilateral trade agreement with an ASEAN country.
This game-changing agreement will eliminate or reduce tariff and non-tariff barriers, create a more transparent and predictable environment for trade and investment, and open new opportunities for Canadian workers and industries in sectors such as clean technology, agri-food, infrastructure, critical minerals, and financial services.
Once the CEPA is fully implemented, over 95% of current Canadian exports to Indonesia will have tariffs either reduced or fully eliminated, making Canadian exports – such as wheat, potash, wood, and soybeans – far more competitive in Indonesia. CEPA will come into force in 2026, giving consumers and businesses in both countries greater choices and lower costs, while empowering our Canadian workers with opportunities for high-quality careers and making our supply chains stronger and more resilient…
This was excerpted from a 24 September 2025 news release by the Prime Minister of Canada