Canada has signed a bilateral free trade agreement with Indonesia, which aims to eliminate or reduce tariffs on over 95 per cent of Ottawa’s exports to its largest market in Southeast Asia.
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Canada’s exports include wheat, potash, timber and soybeans.
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The agreement also provides for the elimination of more than 90 per cent of tariffs on Indonesian imports, a boon to Indonesia’s export of garments and leather goods to the North American market.
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Simultaneously, a defence cooperation agreement was signed aimed at strengthening collaboration in military training, maritime security, cyber defence and peacekeeping.
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