MacroHeraldMacroHeraldMacroHerald
  • Markets
    • Currencies
    • Equities
    • Commodities
    • Rates & Bonds
    • Crypto
  • Economy
    • Central Banks
    • Economic Data
    • Trade & Tariffs
  • Geopolitics
  • Analysis
  • Explainers
  • Economic Calendar
Reading: Indonesia and Canada set trade pact to take effect 1 December
Share
Notification Show More
Font ResizerAa
MacroHeraldMacroHerald
Font ResizerAa
  • Markets
  • Economy
  • Geopolitics
  • Analysis
  • Explainers
  • Markets
    • Currencies
    • Equities
    • Commodities
    • Rates & Bonds
    • Crypto
  • Economy
    • Central Banks
    • Economic Data
    • Trade & Tariffs
  • Geopolitics
  • Analysis
  • Explainers
Have an existing account? Sign In
Follow US
  • Risk Disclaimer
  • Disclosure
  • Privacy
MacroHerald > Latest News > Economy > Trade & Tariffs > Indonesia and Canada set trade pact to take effect 1 December
Trade & Tariffs

Indonesia and Canada set trade pact to take effect 1 December

Enver Adıgüzel
Last updated: 15 November 2026 12:53
Enver Adıgüzel - Editor and Publisher
3 minutes ago
Share
Trade & tariffs
SHARE
Summarize with AI
Summarize with AI

Indonesia and Canada are set to bring into force the Indonesia-Canada Comprehensive Economic Partnership Agreement (ICA-CEPA) on 1 December 2026. Under the deal, the two countries agreed to eliminate import duties on about 3,100 tariff lines. Coordinating Minister for Economic Affairs Airlangga Hartarto made the announcement at a bilateral meeting with Canada’s International Trade Minister Maninder Sidhu in the Philippines on Sunday (15/11).

Contents
  • Ratification completed
  • Trade figures show growth
  • Next steps

Ratification completed

Airlangga said Indonesia completed ratification of the agreement through a presidential regulation. Indonesia sent official notification to Canada through a diplomatic note in October 2026.

Airlangga said the agreement was an important step in strengthening economic relations between the two countries. He said he hoped business actors in both countries could use it to increase trade and expand investment in strategic sectors.

Trade figures show growth

Bilateral trade reached 4.3 billion US dollars in 2025. Indonesian exports to Canada grew 11.07 percent from 2021 to 2025, rising from 1.06 billion to 1.70 billion US dollars. Telephones and gadgets led the export list at 114 million US dollars, followed by electronic machinery at 103 million.

Bilateral trade reached 4.03 billion US dollars in January to September 2026, up 19.76 percent from the same period a year earlier. Indonesian imports from Canada totalled 2.73 billion US dollars over the nine months, against exports of 1.29 billion.

Also Read

Rates & bonds
Indonesia warns bond conditions poor as Jakarta plans debt
Indonesia lifts 2026 Pertalite fuel quota as subsidy bill rises
Brazil Senate votes to end 20% tax on small imports
Foreign investors sell Indonesian stocks, but buy banks
Indonesia’s underemployment hits 8.68%, highest since Covid

Next steps

Indonesia and Canada plan a Trade and Investment Summit in 2027. Indonesia also hopes negotiations under the ASEAN-Canada Free Trade Agreement (ACAFTA) can be concluded by March 2027.

Related: Indonesia posts $3.36 billion trade surplus in September · Canada and UAE sign free trade agreement in Ottawa

Audi to invest $4.2 billion in Georgia plant, Trump says tariffs drove it
Canada unveils C$6.2 billion steel and auto aid package
Indonesia’s IHSG set for correction as MSCI rebalances
BoC minutes show council weighed hike to 2.50 percent
Rupiah slides to Rp18,250 as Airlangga urges patience
TAGGED:canadaexportsICA-CEPAindonesiatariffstrade agreement

The macro brief, every morning

Central banks, currencies and the data that moves them — in your inbox before the London open.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Print
Share
ByEnver Adıgüzel
Editor and Publisher
Follow:
Enver Adıgüzel is the editor and publisher of MacroHerald. He holds a degree in Economics from the Faculty of Economics and Administrative Sciences at Kırıkkale University and an MBA. He writes on central bank policy, currencies, government bond markets and the economic data that move them.
Previous Article Trade & tariffs Lula says Brazil found new buyers after US tariff rise

Search

What we cover

MacroHerald covers the forces that move markets: central bank policy, inflation and growth data, currencies, commodities and sovereign debt — and the geopolitics behind them.

We keep reporting and opinion apart. News runs under Markets and Economy, argued pieces under Analysis, and plain-English background under Explainers.

Sections

  • Markets
    Currencies · Equities · Commodities · Rates & Bonds · Crypto
  • Economy
    Central Banks · Economic Data · Trade & Tariffs
  • Geopolitics
  • Analysis
  • Explainers

Editorial standards

We publish who we are and how we work, and we correct the record in public.

  • Editorial policy
  • Corrections
  • Advertising disclosure
  • About & contact
MacroHerald

MacroHerald reports on central bank policy, currencies, government bond markets and the economic data that move them — for readers who want the reasoning, not just the headline.

  • Markets
  • Economy
  • Geopolitics
  • Analysis
  • Explainers
  • About
  • Contact
  • Editorial Policy
  • Corrections
  • Privacy Policy
  • Terms of Use
  • Risk Disclaimer
  • Advertising Disclosure

Find Us on Socials

MacroHeraldMacroHerald
© 2026 MacroHerald. All rights reserved. MacroHerald publishes journalism and commentary; nothing on this site is investment advice.
  • Risk Disclaimer
  • Disclosure
  • Privacy

Privacy Policy · Terms of Use
Necessary cookies enable essential site features like secure log-ins and consent preference adjustments. They do not store personal data.
None
Functional cookies support features like content sharing on social media, collecting feedback, and enabling third-party tools.
None
Analytical cookies track visitor interactions, providing insights on metrics like visitor count, bounce rate, and traffic sources.
None
Advertisement cookies deliver personalized ads based on your previous visits and analyze the effectiveness of ad campaigns.
None
Unclassified cookies are cookies that we are in the process of classifying, together with the providers of individual cookies.
None
Privacy Policy · Terms of Use
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?