Trade Agreement Between Canada And India

IDRC remains actively present in India with projects focusing on the links between climate change and migration. reduce violence against vulnerable populations; women`s rights, security and access to justice; economic opportunities for Indian workers, especially women; and improving food security. Since 1974, IDRC has programmed $143 million in India. The Government of Canada is exploring opportunities to deepen our trade and investment relationship. In addition to trade promotion activities, Canada continues its significant efforts to advance negotiations for a Foreign Investment Protection Agreement (FIPA) and a Comprehensive Economic Partnership Agreement (CEPA). The Government`s approach focuses on the interests of Canadians and opportunities for the middle class, women, youth and Indigenous peoples. In 2016, bilateral trade in goods between Canada and India was worth more than $US 8 billion. India`s rapidly growing economy offers Canadian companies huge opportunities in emerging sectors such as transportation infrastructure, life science, clean energy technologies (for example. B the integration of renewable energies/Smart Grid; carbon capture, use and storage; and energy efficiency) and renewable energy, as well as in traditional sectors such as infrastructure development, natural resources, defence and security, value-added food, mining, oil and gas. Cooperation in science and technology, innovation and education is also an important area of opportunity for Canadian businesses.

Negotiations for a trade agreement between the two countries have been ongoing for more than a decade. “Countries will have problems with each other, but friends can work on them and this translates into relations between our two countries,” he said. One of the main problems between the two nations has been that of extremist groups in Khalistan, which dominated during Canadian President Justin Trudeau`s visit to India last year. Canada-India Trade and Investment Agreement: A successful trade agreement with India would allow Canadian farmers to better exploit the growing country`s economic opportunities and allow Indian consumers to benefit from quality and cheaper Canadian exports. The deep cultural and political relationship between Canada and India is strengthened by a growing network of formal dialogues, agreements, declarations of intent and working groups. At the ministerial level, Canada and India benefit from a strategic partnership, underpinned by ministerial dialogues: Canada and India have concluded their ninth round of negotiations for a Comprehensive Free Trade Agreement between Canada and India. Negotiations have focused on a wide range of trade in goods and services and, since the conclusion, both sides have committed to advancing discussions in order to reach a final agreement. Expanding trade and investment with large, fast-growing markets, including India, is a priority for the Canadian government.