India, Canada start negotiating CEPA
India Blooms News Service | 27.8.2012
India, Canada start negotiating CEPA
New Delhi, Aug 27 (IBNS) — India and Canada have commenced negotiations towards a Comprehensive Economic Partnership Agreement (CEPA) covering Trade in Services, Trade in Goods, Sanitary and Phyto-sanitary Measures, Rules of Origin, Technical Barriers to Trade etc.
Five rounds of negotiations have already taken place, said Jyotiraditya M. Scindia, Minister of State for Commerce, Industry and Textiles in a written reply in the Lok Sabha on Monday.
The fifth round of CEPA negotiations between India and Canada was held recently in New Delhi from July 24-26.
Before the commencement of CEPA negotiations with Canada, a Joint Study Group (JSG) was established in November, 2010. The JSG undertook a detailed study of bilateral economic relationship between the two countries and also identified the possible economic impact of trade liberalization and estimated Gross Domestic Product (GDP) gains ranging from US$ 6 to US$ 12 billion for India.
