India-Canada Trade and Investment Forum
India and Canada have jointly launched a Trade and Investment Forum to enhance economic ties and foster business partnerships between the two countries.
Objectives of the Forum
- To bring together businesses from India and Canada to promote commercial engagement.
- To enhance connectivity between the two countries, focusing on:
- People-to-people ties
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- Business mobility
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- Direct commercial linkages
Highlights from the Joint Statement
- The Forum aims to serve as a key platform for Canadian and Indian business leaders.
- The focus is on fostering new commercial partnerships and increasing business engagement.
- The commitment to advancing a Comprehensive Economic Partnership Agreement (CEPA) was reiterated.
- The shared objective is to conclude negotiations on CEPA by the end of the year.
Importance of CEPA
- Expand market access for both countries.
- Support resilient supply chains.
- Enable two-way economic growth.
Future Initiatives
- Canada will lead a Team Canada Trade Mission to India later this year.
This announcement followed the official visit of India's Commerce and Industry to Canada, where he engaged in multiple business meetings and held bilateral discussions with Canada's Minister of International Trade, Maninder Sidhu.
