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 has sought Canada’s help in early conclusion of a Free Trade Agreement with it and said the pact would bring a new era of economic relations between the two countries.
A free trade agreement between Canada and India would be a major boost to the Port of Halifax’s strategy to become a cargo gateway to North American markets, says the chairman of the Canadian Retail Shippers Association.
Canada has taken a new initiative with the recent proposal for an Indo-Canadian Free Trade Agreement.
When Tom Sundher, president of Surrey-based Coast Clear Wood, started exporting to India seven years ago, a container of his lumber for making doors, windows and cabinets would arrive in Mumbai and be stamped with a staggering duty of 37.5 per cent.
Canada wants India to consider a free-trade agreement between the two countries if global trade talks continue to falter, a Canadian lawmaker said.
Canada hopes to sign an investment promotion and protection agreement with India later this year that would encourage free trade between the two countries, Prime Minister Stephen Harper has said.