India-Canada To Emphasize On Free Trade Pact

A recent official statement tips that India and Canada at the annual ministerial dialogue will strive for the swift termination of a Comprehensive Economic Partnership Agreement on goods and services.  For the 4th Annual Ministerial Dialogue (AMD), a high-level delegacy guided by the Francois-Philippe Champagne, Canadian International Trade Minister are visiting India. The Commerce and Industry Minister Suresh Prabhu will be leading the Indian delegation.The release stated that in the present round more focus will be laid on some of the vital commercial drivers to emphasize the bilateral partnership."Efforts would be made to work towards the expeditious conclusion of the Comprehensive Economic Partnership Agreement (CEPA) for a progressive, balanced, and mutually beneficial agreement covering both goods and services," it stated.Down by 1.87% from the last year, India-Canadian merchandise stood at USD 6.13 billion (2016-2017).To boost the bilateral trade and investments, the discussions on the agreement  were launched in Nov 2010.In accordance to the release, the two trade ministers are most likely to discuss problems on finding ways to accelerate the swift conclusion of the CEPA and the Foreign Investment Promotion and Protection Agreement on considering the high potential for bilateral trade."They would also explore options for Indian interests in addressing the Temporary Foreign Workers Programme of Canada, which is affecting the movement of Indian professionals seeking short-term visas, address equivalence by the Canadian Food Inspection Agency for Indian organic product exports and exploring two-way investment opportunities," it said.Currently, more than 3% (i.e, 1.2 million) of the Canadian population comprises Persons of Indian Origin (PIO’s)."Though India's commercial ties with the US have seen an upswing in the last few years, trade and investment relations between India and Canada are yet to realise their full potential," the release said.“Given enormous complementarities, a concerted effort to boost bilateral trade and investment from both sides would provide a fruitful outcome” it added.
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India-Canada To Emphasize On Free Trade Pact

Kranthi Tilak Reddy
News Article
16th Nov, 2017
India-Canada To Emphasize On Free Trade Pact

A recent official statement tips that India and Canada at the annual ministerial dialogue will strive for the swift termination of a Comprehensive Economic Partnership Agreement on goods and services.  

For the 4th Annual Ministerial Dialogue (AMD), a high-level delegacy guided by the Francois-Philippe Champagne, Canadian International Trade Minister are visiting India. The Commerce and Industry Minister Suresh Prabhu will be leading the Indian delegation.

The release stated that in the present round more focus will be laid on some of the vital commercial drivers to emphasize the bilateral partnership.

"Efforts would be made to work towards the expeditious conclusion of the Comprehensive Economic Partnership Agreement (CEPA) for a progressive, balanced, and mutually beneficial agreement covering both goods and services," it stated.

Down by 1.87% from the last year, India-Canadian merchandise stood at USD 6.13 billion (2016-2017).

To boost the bilateral trade and investments, the discussions on the agreement  were launched in Nov 2010.

In accordance to the release, the two trade ministers are most likely to discuss problems on finding ways to accelerate the swift conclusion of the CEPA and the Foreign Investment Promotion and Protection Agreement on considering the high potential for bilateral trade.

"They would also explore options for Indian interests in addressing the Temporary Foreign Workers Programme of Canada, which is affecting the movement of Indian professionals seeking short-term visas, address equivalence by the Canadian Food Inspection Agency for Indian organic product exports and exploring two-way investment opportunities," it said.

Currently, more than 3% (i.e, 1.2 million) of the Canadian population comprises Persons of Indian Origin (PIO’s).

"Though India's commercial ties with the US have seen an upswing in the last few years, trade and investment relations between India and Canada are yet to realise their full potential," the release said.

“Given enormous complementarities, a concerted effort to boost bilateral trade and investment from both sides would provide a fruitful outcome” it added.

Kranthi
Blog Author

Kranthi Tilak Reddy is one of the co founders and COO of White Matter Advisory services P Ltd. He is an Engineering graduate from SRM University and has done his Masters in finance.Being a true go-getter and an optimist to the core he has grown up the ranks in banking industry at an astonishing rate, his last stint being Associate Director, Business Clients -South with Standard Chartered Bank. With over 10 years of association with SME businesses and clients he certainly brings rich vein of expertise to the WMA table but more importantly his alluring passion towards great and customer service” the foundation on which he asserts WMA has been built.

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