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Canada’s new free-trade agreement with Indonesia is causing an uproar in the nickel industry, with some executives saying that Ottawa should be clamping down on the Southeast Asian country, instead of opening up the domestic market to a flood of cheap supply produced at questionable environmental standards.
Earlier this month, International Trade Minister Mary Ng announced the Comprehensive Economic Partnership Agreement, which will see tariffs phased out on many goods between the two countries as of 2026. The trade deal had been in the works for several years. Canada already has no tariffs on imports of nickel from Indonesia.
CEPA, however, will make it easier for Canadian mining companies to export nickel to Indonesia, with the country agreeing to eliminate or phase out over time, a 5-per-cent tariff on nickel ores and concentrates, as well as several other derivatives of the commodity.
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