00:00Canada aims to secure duty-free access for up to 95% of its exports to Indonesia over the next 8 to 12 months
00:09as both countries face rising U.S. tariffs and global trade pressures.
00:14To support this, Indonesia and Canada have signed a new trade agreement to reduce barriers and simplify investment between the two nations.
00:22On Wednesday, Indonesian President Prabowo Subianto and Canadian Prime Minister Mark Carney signed the comprehensive Economic Partnership Agreement in Ottawa.
00:33This marks Canada's first-ever bilateral trade deal with an ASEAN member.
00:38Canadian International Trade Minister Maninda Sidhu said the agreement opens strategies for Canadian businesses in agriculture, energy, telecommunications, defence and aerospace.
00:48He said the deal is expected to be ratified within a year, with trade between the two nations potentially doubling in six years.
00:56Canada is also working on a trade agreement with the Philippines, part of a broader push into Southeast Asia.
01:02Sidhu added that Malaysia, South Korea and Japan are on the radar for future trade engagement.
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