India-Canada holds Dialogue on Trade and Investment held in New Delhi
New Delhi, Nov 14 (KNN) The 4th India-Canada Ministerial Dialogue on Trade and Investment was concluded in New Delhi yesterday.The Indian Delegation was led by the Minister for Commerce and Industry, Suresh Prabhu while the Canadian side was headed by the Minister for International Trade, François-Philippe Champagne.
During the talks, both countries recognised the potential and scope of bilateral trade and discussed issues related to investment and trade .
Both the parties recognised the successful initiation of 10th Round of the India-Canada Comprehensive Economic Partnership Agreement (CEPA) in August 2017 and expressed commitment to carry out negotiations for its successful conclusion. Progress was also noted by the two countries under Foreign Investment Promotion and Protection Agreement (FIPA).
Both sides also agreed to explore collaboration in the area of export credit insurance for mutual trade interests through India’s Export Credit Guarantee Corporation Ltd. (ECGC Ltd.) and Canada’s Export Development Canada (EDC) and early institutionalization of the CEO Forum mechanism was also discussed.
On the issue of pulses, the Commerce and Industry Minister suggested that India should utilise the Canada’s advantage in Geo-Spatial Planning and Geographical Information System to analyse the crop production systems in India which could help to forecast the trend for next 10 years.
The Indian minister also invited the Canadian side for participation in the Partnership Summit scheduled to be held in February, 2017 at Visakhapatnam in Andhra Pradesh. (With PIB inputs)