Jakarta (ANTARA) – Indonesia’s Chamber of Commerce and Industry (Kadin) said the Indonesia-Canada Comprehensive Economic Partnership Agreement (ICA-CEPA) will be a key driver for boosting bilateral trade and investment.“The main focus of CEPA should be expanding trade. Naturally, balance will follow if we think long term,” Kadin Chairman Anindya Novyan Bakrie said Friday at APEC Business Advisory Council Side Events in Jakarta.He added that the agreement could also enhance investment flows between the two nations.“This is significant because Indonesia and Canada share many similar industrial and business sectors, including critical minerals,” Anindya said.“On energy and agriculture, there’s ample room for cooperation. This could become a new growth corridor and set an example for other countries,” he added.The Ministry of Trade said ICA-CEPA ratification awaits President Prabowo Subianto’s submission to the parliament.Director General of International Trade Negotiations Djatmiko Bris Witjaksono called ICA-CEPA historic, not just for Indonesia and Canada but also for Canada’s ties with Asia.He highlighted global dynamics as a key reason for ICA-CEPA’s signing in September 2025, achieved in under 24 months of negotiation.The agreement was signed in Ottawa on Sept. 24, 2025, witnessed by President Prabowo and Canadian Prime Minister Mark Carney.Under ICA-CEPA, over 90 percent of Indonesia’s tariff lines will receive preferential treatment in Canada, with some immediately at zero percent.Affected Indonesian exports include processed foods, manufacturing, automotive, electronics, textiles, and footwear.Conversely, Indonesia will open 85 percent of tariff lines for Canadian priority products, including wheat, potatoes, and frozen beef.From January to July 2025, Indonesia-Canada trade reached US$2.72 billion, up about 30 percent from US$2.09 billion in the same period in 2024.During that period, Indonesia’s exports totaled US$1.01 billion, while imports from Canada hit US$1.71 billion.