Indonesia completes negotiations on 19 trade and investment issues with Canada

Liputan6.com, Jakarta – Indonesia and Canada completed the first week of the fifth round of the Indonesia-Canada Comprehensive Economic Partnership Agreement (ICA-CEPA) negotiations on Friday, June 2, 2023 in Ottawa, Canada.

The first week of the fifth round of negotiations saw a number of substantial advances in the discussion of 19 issues relating to trade in goods, services and investment. The round of negotiations took place in a hybrid manner from May 17 to June 12, 2023.

Director General of International Trade Negotiations at the Ministry of Commerce, Djatmiko Bris Witjaksono, as chairman of the Indonesian negotiating team, said the second week of the fifth round of negotiations will continue from June 5 to June 12, 2023. To discuss issues of public procurement, inclusive trade, environment and employment.

“President Joko Widodo and Canadian Prime Minister Justin Trudeau met on the sidelines of the G7 meeting last May. The two sides agreed to speed up the negotiations and to give a mandate to the negotiators to be able to produce a joint agreement at the ASEAN-Canada summit to be held next September,” he said in a written statement on Tuesday ( 06/06/2023).

To reach this agreement, both parties have agreed to explore the ACI-CEPA Trade Negotiating Committee (TNC) Intercessory Meeting in August 2023. In this round, both parties have successfully reached agreement on the merits to discuss issues of transparency, responsible business behavior and good regulatory practices.

“We hope that in the TNC discussions, Indonesia and Canada can bridge some of the fundamental differences of views through a constructive approach so that the goal of concluding the negotiations can be achieved quickly,” Djatmiko added.

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