Joint Ministerial Statement for the Launch of Negotiations towards a Comprehensive Economic Partnership Agreement between Indonesia and Canada
The Minister of Trade of the Republic of Indonesia, H.E Muhammad Lutfi, and the Minister of Small Business, Export Promotion and International Trade of Canada, the Honourable Mary Ng, agreed to launch negotiations towards a Comprehensive Economic Partnership Agreement (CEPA) between Indonesia and Canada.
The pursuit of a CEPA represents a significant milestone in the longstanding bilateral relationship underpinned by a shared commitment to rules-based trade and open markets, and growing commercial and cultural ties.
The Ministers recognized the potential for a CEPA to support long-term job creation and economic growth, reduce costs for businesses and consumers, and increase bilateral trade and investment.
The Ministers underscored the importance of negotiating a CEPA that is comprehensive and provides benefits that are widely shared by the people of both countries.
The Ministers agreed that, without prejudice to the final outcomes, the negotiations would cover mutually agreed areas of interest to both Indonesia and Canada, including market access, rules to facilitate trade and investment, and cooperation, taking into account each other’s sensitivities and different levels of development.
The Ministers agreed to commence negotiations towards a CEPA and instructed officials to hold the first round of negotiations at the earliest opportunity.
Done on 21st June, 2021 in Jakarta, and on 20th June, 2021 in Ottawa.
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