6 June 2026 14:31 UTC · Prime Minister of Canada · PMO News Release · Source · Email X Link

Prime Minister of Canada discusses CEPA and trade

Key points

Prime Minister Carney discussed Middle East conflict impacts on energy markets and the global economy
Prime Minister Carney highlighted CEPA tariff reductions that will benefit Canadian exports

TL;DR

Prime Minister Carney spoke with President Prabowo Subianto about impacts of the conflict in the Middle East on energy markets and the global economy
They identified opportunities to deepen trade and investment ties and discussed the anticipated ratification of the Canada-Indonesia Comprehensive Economic Partnership Agreement (CEPA)
Prime Minister Carney underlined work to accelerate negotiations toward a Canada-ASEAN free trade agreement in 2026 and agreed with President Subianto to remain in close contact

Original text

Today, the Prime Minister, Mark Carney, spoke with the President of Indonesia, Prabowo Subianto. Prime Minister Carney and President Subianto discussed the impacts of the conflict in the Middle East on energy markets and the global economy. The Prime Minister and the President identified opportunities to deepen trade and investment ties between Canada and Indonesia, building on the anticipated ratification of the Canada-Indonesia Comprehensive Economic Partnership Agreement (CEPA). The CEPA, signed in September, is Canada’s first-ever bilateral trade agreement with an ASEAN country. This agreement will reduce trade barriers, create a more transparent and predictable environment for trade and investment, and open new opportunities for Canadian workers and industries in sectors such as clean technology, agri-food, infrastructure, critical minerals, and financial services. Once the CEPA is fully implemented, over 95% of current Canadian exports to Indonesia will have tariffs either reduced or fully eliminated, making Canadian exports – such as wheat, potash, wood, and soybeans – far more competitive in Indonesia. Prime Minister Carney underlined work to accelerate negotiations towards concluding a Canada-ASEAN free trade agreement in 2026 and welcomed Indonesia’s continued support for advancing this shared objective. Prime Minister Carney and President Subianto agreed to remain in close contact. Canada-Indonesia relations

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