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Indonesia-Canada economic partnership agreement will bring representatives from 50 companies to explore
Indonesia and Canada signed a Joint Statement on an opportunities for wider collaboration.
Indonesia-Canada Comprehensive Economic Partnership
Agreement (ICA-CEPA) which will widen market access for Industrialisation in eight key sectors

Indonesian products in Canada. The Investment Coordinating Board in the Ministry of Investment
Indonesian Minister of Trade, Budi Santoso and Canadian and Downstream Policy is developing a roadmap for downstream
Minister for Export Promotion, International Trade and Economic industrialisation in 28 key commodities according to Minister
Development, Mary Ng said after negotiating for more than Rosan Roeslani.
2.5 years the agreement was concluded. Rosan explained that the focus will be on eight primary
Santoso explained that, in addition to the trade of goods, sectors: minerals, coal, oil, natural gas, maritime, fisheries,
the agreement covers preferential treatment for Indonesian plantations and forestry.
service providers such as telecommunications, construction, Rosan acknowledged challenges, especially in technology,
tourism and transportation service sectors. human resources and funding. "We will prioritise these 28

The ICA-CEPA will also facilitate access to investment in commodity sectors on which industries have the largest
the manufacturing, agriculture, fisheries, forestry, mining and reserves and offer the best potential, he added.
quarrying and energy sectors.
Forestry investments to create 400,000 new jobs
Strong economic fundamentals – Indonesia an During a meeting with Commission IV of the Indonesian House
attractive destination for investment of Representatives the Minister of Environment and Forestry,
According to Coordinating Economic Affairs Minister, Airlangga Raja Juli Antoni, stated that the management of the forestry

Hartarto, Indonesia's strong economic fundamentals makes sector in 2025 will prioritise increasing production and the
the country an attractive destination for US investments. downstream processing of forest products to support regional
The roundtable hosted by the US-ASEAN Business Council economic development.
(USABC) in Washington, Airlangga highlighted Indonesia’s He said, "the forestry sector is expected to see an
readiness to enhance economic cooperation with the United investment value of IDR19.9 trillion in 2025 with planned
States following leadership transitions in both nations. workforce absorption of 400,000 people".
The Minister briefed US executives on President Non-tax State revenues from the forestry sector are projected
Prabowo’s economic agenda and the government’s to reach IDR7.72 trillion in 2025. This estimate is based on
roadmap for achieving the “Golden Indonesia 2045” vision

which aspires to make Indonesia a developed nation by
its centennial anniversary. Forestry Connect
The new administration targets an ambitious eight percent
annual economic growth over the next five years. The American
business community expressed keen interest in President
Prabowo’s food security and energy transition strategies.
Marc Mealy, USABC’s Chief Policy Officer and Senior Vice

President said the roundtable laid the groundwork for the
upcoming Indonesia Business Mission during which USABC