India, Canada bat for early closure of economic pact

India, Canada bat for early closure of economic pact

By / Business News / Tuesday, 14 November 2017 07:43

New Delhi,
India and Canada have expressed their commitment for taking forward negotiations for the early conclusion of the Comprehensive Economic Partnership Agreement (CEPA) between the countries.

This was reiterated by both sides at the 4th India-Canada Ministerial Dialogue on Trade and Investment held here today. The Indian delegation was led by the Minister for Commerce and Industry Suresh Prabhu while the Canadian side was headed by Minister for International Trade François-Philippe Champagne.

The talks covered a host of trade and investment issues and both sides recognised that the current bilateral trade is much below the potential between the two world’s robust economies, despite the huge untapped potential for two-way trade and investment.

Both sides noted the progress made during the 10th Round of the India-Canada CEPA held in August, 2017, and expressed their strong commitment for taking forward negotiations for early conclusion.

According to an official statement, India also highlighted the importance of services component under CEPA. Both sides also noted the exchange of wish lists on the services front and India reiterated that the architecture for services under CEPA is a vital focus area and response from Canada on positive elements has to be mutually beneficial.

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Hum Hindustani

Hum Hindustani

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