Jakarta –

Indonesia and Canada formally signed the Indonesian Complete Financial Partnership Settlement in Indonesia or ICA-Cepa. President Prabowo Subianto and PM Canada Mark Joseph Carney witnessed the strategic worth.

The signing was carried out at West Block Parliament Hill, Ottawa, Wednesday (9/24/2025) afternoon native time. The exercise started with the assembly of Tete-A-Tete Prabowo and Carney.

Moreover, the height of the assembly, particularly the signing of the ICA-Cepa carried out by the Minister of Commerce of the Republic of Indonesia Budi Santoso and the Canadian Commerce Minister of Commerce Maninder Sidhu. The signing was witnessed by President Prabowo and PM Carney.

ICA Cepa is Indonesia’s first free commerce settlement with a rustic within the North American area, which is able to additional improve the financial relations of Indonesia and Canada.

“This settlement is essential for us. It is extremely strategic economically and politically,” Prabowo mentioned.

ICA-CEPA is a crucial stepping stone for the Indonesian-Canadian financial relations, as a result of it gives authorized certainty and broader market entry. With this settlement, Canada is dedicated to eradicating 90.5% of its import tariffs towards items from Indonesia, whereas Indonesia gives liberalization of 85.8% of the tariff posts.

“We’re very completely happy right here to signal Ica-Cepa. I believe this can be a historic second and turns into a stepping stone,” Prabowo mentioned.

ICA-CEPA implementation is projected to extend Indonesia’s exports to Canada to USD 11.8 billion in 2030, with a further GDP progress of 0.12% and a rise in funding of 0.38%.

ICA-CEPA additionally gives higher authorized certainty for the enterprise world, together with regulatory transparency, funding safety, and dedication to the empowerment of MSMEs, Digital Lokapasar, Mental Property Rights, and Sustainable Commerce.

President Prabowo was beforehand acquired respectfully by the Governor Normal of Canada, Mary Might Simon at Rideau Corridor.

Prabowo was acquired by Mary Simon at Rideau Corridor, Ottawa, on Wednesday (9/24), at 16.11 native time. Prabowo was accepted in a room containing a variety of work and appeared a pair of puppets with Balinese material.

Prabowo was accompanied by Seskab Teddy Indra Wijaya, Minister of Funding/CEO and between Rosan Roeslani, and Indonesian Ambassador to Kananda Muhsin Syihab.

“Welcome to Canada,” Simon informed Prabowo.

“Thanks,” Prabowo replied whereas shaking fingers.

(RFS/FCA)