India-Canada conclude 7th round of talks on Early Progress Trade Agreement
India and Canada recently concluded the 7th round of talks on the Early Progress Trade Agreement (EPTA), aimed at boosting bilateral trade and investment. The talks were held virtually due to the ongoing COVID-19 pandemic. The negotiations began in November 2017, and the two countries have been trying to expedite the process since then.
The two countries have a shared interest in promoting sustainable economic growth and ensuring that trade and investment flows are mutually beneficial
The Early Progress Trade Agreement is expected to pave the way for a comprehensive free trade agreement between India and Canada. The agreement is expected to cover a wide range of issues, including trade in goods and services, investment, intellectual property rights, and e-commerce.
During the latest round of talks, the two sides discussed a range of issues related to trade and investment. They also discussed ways to enhance bilateral cooperation in sectors such as agriculture, healthcare, and education. The talks were characterized by a positive and constructive spirit, with both sides expressing their commitment to deepening economic ties between the two countries.
India and Canada have a strong economic relationship, with bilateral trade between the two countries standing at over $8 billion in 2020.
The Early Progress Trade Agreement is expected to provide a significant boost to bilateral trade and investment. It is also expected to create new opportunities for businesses in both countries, particularly in areas such as agriculture, energy, and information technology. The agreement will also provide a framework for resolving trade-related issues between the two countries . Canada is a major source of natural resources for India, while India is Canada’s ninth-largest trading partner.
In conclusion, the successful conclusion of the 7th round of talks on the Early Progress Trade Agreement between India and Canada is a positive development for both countries. The agreement has the potential to deepen economic ties between the two countries, create new opportunities for businesses, and promote sustainable economic growth. Both India and Canada are committed to finalizing the agreement as soon as possible, and the next round of talks is expected to take place soon.
