Indonesia has just signed the Comprehensive Economic Partnership Agreement (CEPA) with Canada. Good news? Absolutely! Canada has a large economy, high per capita income, and superior human resources and technology. This is a combination that could bring significant benefits to Indonesia. But the question is, are we ready to take advantage of it? Although this agreement eliminates thousands of tariff lines for Indonesian export products, challenges remain: long distances, non-tariff barriers, competition and differences in market preferences in Canada.
In the latest edition of the Trade and Industry Brief, LPEM FEB UI takes an in-depth look at the opportunities, risks, and how Indonesia can truly reap the benefits of the CEPA. Readers will explore the timeline of Indonesia-Canada economic cooperation, learn about the profiles of both countries, understand a simulation of the impact of tariff elimination, and highlight various non-tariff barriers in the Canadian market. It also covers the concept of the CEPA and its utilization, as well as a forward-looking outlook.way forward) regarding the strategic steps that need to be taken.
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