Trade Agreements Between Canada And India

In 2016, bilateral trade in goods between Canada and India was worth more than $US 8 billion. India`s rapidly growing economy offers Canadian companies huge opportunities in emerging sectors such as transportation infrastructure, life science, clean energy technologies (for example. B the integration of renewable energies/Smart Grid; carbon capture, use and storage; and energy efficiency) and renewable energy, as well as in traditional sectors such as infrastructure development, natural resources, defence and security, value-added food, mining, oil and gas. Cooperation in science and technology, innovation and education is also an important area of opportunity for Canadian businesses. Currently, India has a food rights policy and non-tariff barriers that limit trade and sector growth for Canadian agriculture and food producers. reduce violence against vulnerable populations; women`s rights, security and access to justice; economic opportunities for Indian workers, especially women; and improving food security. Since 1974, IDRC has programmed $143 million in India. Canada and India are conducting bilateral negotiations for a Comprehensive Economic Partnership Agreement and a Foreign Investment Promotion and Protection Agreement (FIPA). Canada and India regularly conduct ministerial dialogues on trade and investment, as well as energy. The Government of Canada is exploring opportunities to deepen our trade and investment relationship. In addition to trade promotion activities, Canada continues its significant efforts to advance negotiations for a Foreign Investment Protection Agreement (FIPA) and a Comprehensive Economic Partnership Agreement (CEPA).