Canada, India welcome progress in negotiations towards interim trade pact

TORONTO: Canada and India have welcomed the progress in the second spherical of negotiations towards an interim trade pact.

The matter was mentioned throughout a digital assembly between Canada’s Minister of International Trade, Export Promotion, Small Business and Economic Development Mary Ng and India’s Commerce and Industry Minister Piyush Goyal on Tuesday.

The Early Progress Trade Agreement (EPTA) was determined upon when Ng visited India this March. At the identical time, the 2 nations “continue to work towards a Comprehensive Economic Partnership Agreement”, a readout from Global Affairs Canada, Canada’s international ministry mentioned.

It added that the ministers “discussed the status of negotiations on key issues, including trade in goods and services, and investment protection”.

“Minister Ng and Minister Goyal reaffirmed their commitment to maintain momentum into the next round of negotiations, to take place in the coming months,” the assertion added.

In a tweet, Goyal mentioned that each nations had been “working to identify sectors for greater partnership & investments to deliver early gains for our businesses and people.”

Enhanced bilateral engagement between the 2 nations has been evident in latest months after a troublesome interval since Canadian Prime Minister Justin Trudeau’s go to to India in February 2018.

Last week, Canada’s Minister of Environment and Climate Change Steven Guilbeault and India’s Minister of Environment, Forest and Climate Change Bhupender Yadav, signed a Memorandum of Understanding “to increase bilateral cooperation on climate action, environmental protection and conservation”, in response to a Canadian launch on Friday. The described India as “a key partner in addressing climate change and environmental issues”.

The MoU was signed on the margins of the Stockholm+50 assembly in the Swedish capital. “We are launching a collaborative process between our two governments that will strengthen each of our responses to the challenges we face in dealing with climate action and nature protection,” Guilbeault mentioned.

Last month, the India-Canada Science and Technology Cooperation Committee assembly occurred in Ottawa, and was chaired by Department of Science and Technology Secretary Prof Srivari Chandrasekhar and his counterpart, Deputy Minister for International Trade at Global Affairs Canada David Morrison.

A joint assertion famous that each nations had been “committed to deepening ties” and science, know-how and innovation had been “a key pillar of the relationship”.

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