Advancing the long-standing economic and investment relationship with India is a priority for Canada, because it “deepens key partnerships in the Indo-Pacific”, Canada’s minister of worldwide commerce Mary Ng advised Commerce and Industry Minister Piyush Goyal in a digital assembly on Tuesday.
A readout of the dialog, launched by Global Affairs Canada, the nation’s overseas ministry, mentioned the 2 international locations “noted progress in negotiations on a Canada-India Early Progress Trade Agreement (EPTA) while working toward a Comprehensive Economic Partnership Agreement (CEPA)”.
Ng “expressed her appreciation for India’s openness to explore diverse trade issues and advance the long-standing economic and investment relationship between Canada and India — a priority as Canada deepens key partnerships in the Indo-Pacific”.
As “Russia’s illegal invasion of Ukraine threatens the rules based international order, it is more important than ever for democracies to strengthen ties”, the assertion mentioned.
Ng additionally emphasised the significance of advancing discussions on an investment safety settlement between Canada and India, which might enhance predictability and transparency for Canadian buyers in India.
“Discussions were held on ways to further strengthen bilateral trade ties, explore new opportunities & attract greater investments as both sides work towards a mutually beneficial trade pact,” Goyal mentioned in a submit on Twitter after the decision.
Formal relaunch of negotiations for a CEPA — alongside with the settlement to think about the interim pact, EPTA — was introduced when Ng visited New Delhi in March and held a ministerial dialogue on commerce and investment with Goyal. While the EPTA will function a transitional step in direction of the CEPA, the 2 international locations additionally agreed to accentuate negotiations for a bilateral investment treaty.
Ng’s journey to India was the primary go to by a Canadian minister since Prime Minister Justin Trudeau’s go to in February 2018.
‘Advancing economic and investment ties with India a priority for Canada’ | World News & More Latest News Update
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