Indonesian President Prabowo Subianto has signed new agreements on trade and defence cooperation with Prime Minister Mark Carney on Parliament Hill.

The trade deal is comprehensive, meaning it opens up trade in multiple industries with the world’s fourth most populous country.

Carney said the “game-changing” agreement is the first-ever bilateral trade pact signed with a member of the Association of Southeast Asian Nations (ASEAN).

“Once it’s fully implemented, it means that over 95 per cent of the tariffs on Canada’s current exports to Indonesia will be reduced or eliminated,” he told reporters in Ottawa.

“They will all be at preferential rates, making our exports obviously far more competitive.”

The prime minister also announced a new defence cooperation agreement that will “de

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