Canada and India conclude Seventh Round of Negotiations toward Comprehensive Economic Partnership Agreement

Mar 4, 2013 by

Source: Office of Minister of International Trade via Indian Economic Business News

On February 6th, The Honourable Ed Fast, Minister of International Trade and Minister for the Asia-Pacific Gateway announced the conclusion of the seventh round of negotiations toward a Canada-India comprehensive economic partnership agreement. “Our government is committed to building on our already-strong ties with India to create a partnership that will lead to jobs, growth and long-term prosperity for workers in both our countries,” said Minister Fast. “More than a million Canadians of Indian origin is clear proof of how both business and people-to-people ties are helping us deepen the Canada-India relationship.” Negotiations this week were productive and focused mostly on market access and related areas. A Canada-India joint study concluded that a trade agreement between the two countries could boost Canada’s economy by at least $6 billion. That translates to almost 40,000 new jobs across the country, or a $500 boost to the average Canadian family’s annual income. Canada has identified core economic opportunities in India in the energy, agriculture, infrastructure and education sectors.