Indonesia, Canada make substantial progress in ICA-CEPA negotiations
The tenth round of Indonesia-Canada Comprehensive Economic Partnership Agreement (ICA-CEPA) negotiations has concluded with the two sides completing the texts of all negotiation issues.
Djatmiko Bris Witjaksono (centre), director general of international trade negotiations at the Indonesia's Trade Ministry, speaks at the 10th round of the Indonesia-Canada Comprehensive Economic Partnership Agreement (ICA-CEPA) negotiation in Bandung, (Photo: antaranews.com)
Jakarta, (VNA) – The tenth round of Indonesia-Canada Comprehensi�꧂�ve Economic Partnership Agreement (ICA-CEPA) negotiations has concluded with the two sides completing the texts of all negotiation issues.
Djatmiko Bris Witjaksono, director general of international trade negotiations at the Indonesian Ministry of Trade, said that the completion of all the negotiating issue texts marks this round as an important milestone in the negotiations.
In a statement released by his office on November 11, he said that the completed texts include trade in goods and services, investment, small and medium enterprises, government procurement of goods and services, intellectual property, and sustainable development.
He affirmed that the 10th round of negotiations on the Indonesia-Canada CEPA reflects the spirit of strong collaboration between the two countries.
Meanwhile, Associate Assistant Deputy Minister for Global Affairs of Canada, Aaron Fowler, who is heading the Canadian delegation, said that the commitment of both countries during the negotiations proves that a comprehensive trade agreement is needed. This will strengthen the established bilateral economic relations between Indonesia and Canada. This joint effort is expected to bring great benefits to both countries in the future.
In the next step, Indonesia and Canada will resolve several negotiation issues that require further technical arrangements.
The substantive completion of the Indonesia-Canada CEPA is planned to be announced by the heads of state of Indonesia and Canada at the Asia-Pacific Economic Cooperation (APEC) Summit on November 15. The signing is scheduled to take place during the Canadian Government Trade Mission to Jakarta on December 2.
The Indonesia-Canada CEPA offers numerous benefits, including increased market access for trade in goods and services to the North American region; greater potential for Canadian investment in Indonesia; and opening up opportunities for broader economic cooperation between the two countries./.
Indonesian Deputy Trade Minister Dyah Roro Esti expressed optimism that the 10th round of the negotiations on the Indonesia – Canada Comprehensive Economic Partnership Agreement (ICA – CEPA) will run smoothly and produce a substantial agreement.
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