Indonesia hopes to expand access to North American market through ICA-CEPA
Jakarta, May 21 -- Indonesia expects the Indonesia-Canada Comprehensive Economic Partnership Agreement (ICA-CEPA) to serve as a strategic springboard for expanding its presence in the North American market, amid ongoing geopolitical volatility and rising protectionist trends in global trade. Indonesian Trade Minister Budi Santoso stated on May 19 that ICA-CEPA is expected not only to reduce trade barriers and improve access to the Canadian market, but also to create new opportunities for Indonesian goods to penetrate deeper into North America, a region with a combined population of around 500 million. According to the official, Canada is a strategic entry point for Indonesian products into the North American market, particularly as US tar...
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