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With PM Modi set to visit Ottawa, India & Canada back CEPA

By · Published by Everything Blog

In short

Prime Minister Narendra Modi is set to visit Canada, where he will meet with Prime Minister Justin Trudeau, aiming to advance a Comprehensive Economic Partnership Agreement (CEPA) between India and Canada. The agreement, signed during Modi's visit, is expected to create a "substantive bilateral defense relationship" and boost trade between the two countries, aiming to increase bilateral trade to $49 billion by 2030.

Key points

  • India and Canada are expected to sign a Comprehensive Economic Partnership Agreement (CEP…: India and Canada are expected to sign a Comprehensive Economic Partnership Agreement (CEPA) during Modi's visit.
  • The agreement aims to boost trade between the two countries.: The agreement aims to boost trade between the two countries.
  • The agreement is expected to increase bilateral trade to $49 billion by 2030.: The agreement is expected to increase bilateral trade to $49 billion by 2030.

The latest round of India-Canada security dialogue saw both sides welcoming efforts to advance talks for a Comprehensive Economic Partnership Agreement (CEPA), while underlining the growing potential for advancing a "substantive bilateral defence relationship in keeping with the vision of the leadership".

The two sides are expected to sign the CEPA during PM Modi's visit to Canada which, according to official sources, is tentatively scheduled for Dec 11-13.

It will come days before the G20 summit for which Modi and Canadian PM Mark Carney will join other world leaders in Florida. India and Canada are currently holding the 5th round of talks for CEPA.

Both leaders have called for an ambitious and a mutually beneficial CEPA that can serve as a durable anchor for the economic partnership, while allowing India and Canada to boost bilateral trade to CAD 70 billion ($49 billion) by 2030.

Original source: timesofindia.indiatimes.com

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