Canadian business leaders welcome the decision to launch comprehensive trade negotiations with the Republic of Indonesia.
“As one of the largest markets not covered by an existing trade agreement and as an important part of the increasingly integrated economy in Southeast Asia, Indonesia represents a significant growth opportunity for Canadian businesses,” says Goldy Hyder, President and CEO of the Business Council of Canada (BCC). “Trade with fast-growing economies will be a critical element in driving a strong and lasting post-pandemic recovery that boosts the quality of life for all Canadians.”
The BCC looks forward to engagement with the Government of Canada to ensure negotiations achieve two broad priorities:
- Complement existing Indo-Pacific regional agreements such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), as well as future trade agreements including a potential agreement with the Association of Southeast Asian Nations (ASEAN).
- Position Canadian exporters for long-term success as the Indonesian economy grows to what is projected to be the fourth largest economy in the world by 2050.
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