Business · Trade · 57 mins ago

India and Canada aim to conclude trade pact talks before Modi's visit

India and Canada aim to conclude trade pact talks before Modi's visit

India and Canada are trying to finalise a trade pact called the Comprehensive Economic Partnership Agreement, or CEPA.

On November 11, India's Commerce Minister Piyush Goyal met Canada's International Trade Minister Maninder Sidhu to discuss moving the negotiations forward.

Canada's high commissioner said the countries are close to agreeing on a final text, with another round of talks due this week.

The aim is to improve access to each other's markets and create more opportunities for trade and investment.

The pact could mark a step forward in relations after a period when ties were described as fragile but have since improved.

The leaders could announce the negotiations' conclusion during Narendra Modi's December 11-12 visit to Canada, according to the high commissioner.

The agreement would still need to be ratified, and that process would take time because provincial governments are involved.

5 sources

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What people are saying

Christopher CooterCanada’s high commissioner to India
I think we can be pretty confident that the final text will be there
via Times of India
Piyush GoyalIndia’s commerce and industry minister
Reaffirmed our shared commitment to taking the India-Canada economic partnership to new heights, with CEPA serving as a catalyst for deeper commercial engagement and shared prosperity.
via The Hindu

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