After languishing for nearly four years, India and Canadian negotiators have resumed discussions towards a possible trade pact.
India and Canada may come back to the negotiating table later this month after a gap of almost four years to explore the possibility of signing a mini trade deal.
India’s decision to raise duties on pulses from Canada, elusive progress on bilateral investment treaty and free trade pact major hurdles in improving trade relations.
Negotiations on a Canada-India FIPPA were launched in September 2004 and concluded in 2007, but the deal was never signed.
Eager to please the Sikh community in Canada which is increasingly gaining political weight in the country, Canadian Prime Minister Justin Trudeau is all set to woo the Punjab industry during his India visit later this week.
At the World Economic Forum in Davos, India is likely to meet a lot of offers for free trade and investment deals. With US, France and Canada leaders meeting their Indian counterpart in coming few months, it is likely that India may enter into a free trade agreement with them. Though, it will be interesting to know how Prime Minister Modi go ahead with these offers.
Trade ministers of India and China met in New Delhi are looking for another round of talks at the expert level before Prime Minister Justin Trudeau’s India visit
Canadian International Trade Minister bullish on growing trade ties with New Delhi.
Upcoming trade talks will see both sides discussing issues such as high pulses tariff, travel curbs.
Des pourparlers commerciaux sont en cours avec une série de pays, et une entente sur les investissements pourrait être conclue avec l’Inde d’ici « quelques mois ».
After a gap of more than two years, India and Canada will resume formal negotiations this week for a free trade agreement (FTA) in goods and services, while talks on a bilateral investment agreement are being handled separately
As talks with Canada began before model text was approved by Cabinet, deviations may be allowed.
Enormous political pressure to get the bilateral, economic treaties off the ground, say officials.
New Delhi says it will not result in a balanced outcome.
Sitharaman clarified that the negotiation should not get lost in peripheral issues and should focus on bringing in promotion and protection elements.
Canada is throwing its weight behind an early “progressive” bilateral investment treaty with India before it concludes a bilateral free trade agreement to ensure a stable and predictable environment for its investors.
Canada’s Minister of International Trade Francois-Philippe Champagne is expected to accelerate the negotiation process of the proposed free trade pact with India.
But Ottawa’s stance on model investment treaty has New Delhi worried
A successful conclusion of FIPA will provide a much-needed cover for Canadian investments in India and vice versa, and is expected to be an important catalyst in translating the announcements into reality.
India, along with Brazil, Argentina and some other nations, has rejected an informal attempt by the European Union and Canada to work towards a global investment agreement that would incorporate a contentious ISDS mechanism.