Trade Agreements Between India And Canada

Canada and India have concluded their ninth round of negotiations under a comprehensive free trade agreement between Canada and India. Negotiations have focused on a wide range of issues related to goods and services and, since they were completed, both sides have committed to moving the discussions forward towards a final agreement. Expanding trade and investment in large, fast-growing markets, including India, is a priority for the Canadian government. India`s GDP growth, expected to reach 7.2% in 2017, is one of the highest in the world. Canada and India are conducting bilateral negotiations for both a Comprehensive Economic Partnership Agreement and a Foreign Investment Promotion and Protection Agreement (FIPA). Canada and India regularly conduct ministerial dialogues on trade, investment and energy. In 2010, Canada and India began negotiations for a Comprehensive Economic Partnership Agreement (EPA), the last round of the final round in New Delhi from August 21 to 23, 2017. Constructive discussions took place on a number of topics, including cross-border trade in goods and services, e-commerce, telecommunications, health and plant health measures, and technical barriers to trade. The previous round, which focused on the main sectors of goods, services and temporary entry, took place in New Delhi, India, in March 2015.

For more information, see trade and investment agreements. The Canadian government is exploring all options to deepen our trade and investment relationship. In addition to trade promotion measures, Canada continues to intensify its efforts to encourage negotiations for a Foreign Investment Promotion Agreement (FIPA) and a Comprehensive Economic Partnership Agreement (EPA). The government`s approach is one that focuses on the interests of Canadians and opportunities for the middle class, women, youth and Aboriginal people. In 2016, trade between Canada and India was worth more than $8 billion in both directions. India`s fast-growing economy offers huge opportunities for Canadian businesses in emerging sectors such as transportation infrastructure, life sciences, clean energy technologies (for example). B the integration of renewable energy/smart grids, trapping, carbon use and storage, energy efficiency) and renewable energy, as well as in traditional sectors such as infrastructure development, natural resources, defence and security, value-added food, mining and oil and gas.