New Delhi, Sep 29 (KNN) A high level delegation led by Commerce and Industry Minister Nirmala Sitharaman will today be attending the 3rd Annual Ministerial Dialogue at Toronto, Canada.

The meeting aims to enhance the bilateral trade relation between the two countries which has so far not been up to the potential.

Both sides recognized the immense potential and mutual interest in promoting trade, the Commerce Ministry has said in a statement today.

Prime Minister of India, Narendra Modi during his bilateral visit to Canada in April 2015, stressed the importance of bilateral business and commercial linkages as key drivers of India-Canada partnership.

During his visit both the nations recognised the need for early finalisation of the Foreign Investment Promotion and Protection Agreement (FIPA) and expeditiously conclude a progressive, balanced, and mutually beneficial Comprehensive Economic Partnership Agreement (CEPA), as a basis for  expanding two-way trade and investment.

The Trade Ministers of both the countries are likely to discuss the ways of expeditious early conclusion of FIFA and CEPA.

The leaders would also explore options for Indian interest in addressing the Temporary Foreign Workers Programmes (TWEP) of Canada which is affecting the Indian IT Industry; address equivalence by Canadian Food Inspection Agency for Indian organic product exports; and exploring investment opportunities in different sectors of India.

In addition, both leaders are expected to discuss regarding recent commercial achievements between both countries, bilateral FDI flows, issues relating to intellectual property, etc in addition to other issues relating to trade and investment.

Sitharaman will also meet some top business leaders of Canada on 30th September to discuss the various reforms undertaken in India and prospects for investment in various sectors.