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
India is on Canada’s radar screen as it wishes to be a part of a trillion-dollar infrastructure plan to consolidate trade and investment ties with Asia’s third-largest economy, Canadian international trade minister Ed Fast said on Friday.
Canadian producers hope free trade negotiations with India will result in that country allowing imports of Canadian pork products, according to an official with one of the agencies trying to open those doors.
Canadian Industry Minister Tony Clement has reiterated his country’s commitment to signing a free trade agreement with India by 2013.
The prime ministers of Canada and India, both attending the G20 summit in South Korea, announced on Friday the two countries have begun free trade talks.
Indian Prime Minister Manmohan Singh will meet his Canadian counterpart Stephen Harper soon to launch formal negotiations for a Comprehensive Economic-Partnership Agreement (CEPA) between the two countries, Commerce Minister Anand Sharma has said.
India and Canada are trying to resolve differences over the proposed investment protection agreement while negotiations on a trade opening pact are underway, visiting Commerce and Industry Minister Anand Sharma has said.
India and Canada could start negotiations on a free trade agreement for opening up markets in goods, investments and services by the end of this year.
The Canadian government is putting pressure on India to fast-track a bilateral trade deal at a time when both countries are negotiating a nuclear deal.
Canada High Commissioner in India Mr Joseph Caron said his country is pressing for entering into a foreign investment protection treaty with ours.
Prime Minister Stephen Harper’s trip to India resulted in the beginning of an agreement between the two countries to work towards negotiating a free-trade agreement.