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
Without citing the Khalistan issue, which created differences between the two countries, the official said negotiations will resume once the “political issues" are resolved.
Negotiations on the Early Progress Trade Agreement are at an advanced stage for many sectors, say officials.
The India-Canada Early Progress Trade Agreement will cover goods, services, investment, rules of origin, sanitary and phytosanitary measures, technical barriers to trade, and dispute settlement, the Indian government said.
India Commerce minister Piyush Goyal will discuss with his Canadian counterpart Mary Ng key economic issues such as investment promotion, green transition, and the ongoing negotiation between the two countries on a free trade agreement (FTA),
Indian and Canadian negotiators have concluded their seventh rounds of discussions towards securing an Early Progress Trade Agreement or EPTA between the two countries.
While the early harvest trade pact being fleshed out now will focus on 10-11 areas, the more comprehensive economic partnership agreement will cover Goods, Services, Rules of Origin as well as Labour, Environment and Digital issues.
Negotiators on both sides are working on ironing out the differences that remain before a mutually acceptable document is arrived at. They are scheduled to meet for two rounds of discussions in New Delhi and Ottawa in January and February.
Reaffirming its commitment to an interim trade pact with India, Canada said that the next round of negotiations will be held in September.
Canada and India have welcomed the progress in the second round of negotiations towards an interim trade pact.
Canada is expected to seek greater market access for agricultural products such as pulses. Both nations may steer away from including sensitive items such as dairy in the trade deal