The governments of Canada and India are negotiating a ‘Comprehensive Economic Partnership Agreement’ which they seek to conclude in 2013. By May 2012, five rounds of negotiations had taken place. This agreement is wideranging and negotiations have included rules of origin, trade facilitation, technical barriers to trade, sanitary and phytosanitary measures, and trade in services, including temporary entry for business persons, telecommunications, and financial services. According to unnamed official sources, India is likely to exclude an investor-state dispute clause in its FTAs.
last update: May 2012
Canada’s Minister of International Trade Francois-Philippe Champagne is expected to accelerate the negotiation process of the proposed free trade pact with India.
But Ottawa’s stance on model investment treaty has New Delhi worried
A successful conclusion of FIPA will provide a much-needed cover for Canadian investments in India and vice versa, and is expected to be an important catalyst in translating the announcements into reality.
New Delhi examining whether dispute settlement mechanism can be tweaked
The Liberals’ relative flexibility on investor-state dispute systems and the Temporary Foreign Worker Program, and an expected visit to India by the PM, may help to move talks along.
On Canada’s insistance, India is expected to sign a bilateral investment treaty (BIT) with Canada based on an old text, not its new model BIT. The old text contains contentious provisions such as the investor-state dispute settlement mechanism.
Canada’s government has officially re-opened negotiations with India over a bilateral investment treaty the two sides nearly agreed upon almost a decade ago.
Canada asks officials to focus on TPP ratification instead; wants India to first ink bilateral investment pact.
India and Canada are closely working to finalise the comprehensive economic partnership agreement (CEPA)
The proposed free trade agreement between India and Canada, which aims to reduce or eliminate duties on a large number of products traded between the two nations, is likely to be concluded by March next year, a senior official told PTI.