Early Progress Trade Agreement: A Stepping Stone Towards Greater Economic Ties Between Canada And India Author: Kritika
- Posted on May 9, 2023
- By Top Stories
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Canada and India Forge Ahead in Trade Relations, Discuss Early Progress Trade Agreement
Canada and India are exploring a new economic partnership that could potentially boost trade ties between the two countries. Recently, the sixth Canada-India Ministerial Dialogue on Trade and Investment was co-chaired by Union Commerce and Industry Minister Piyush Goyal and his Canadian counterpart, Mary Ng, in Ottawa.
During the meeting, the authorities deliberated on an Early Progress Trade Agreement (EPTA), which serves as a preliminary phase leading to the Comprehensive Economic Partnership Agreement.
Early Progress Trade Agreement: A golden opportunity for Canada and India to increase their market access
The EPTA could provide a framework for enhancing trade in goods and services, investment, and intellectual property between Canada and India. This agreement could be significant for both countries, as Canada aims to expand its market access in Asia, while India seeks to increase foreign investment and trade relations with developed economies. The officials' discussions indicate the strengthening of economic ties between India and Canada.
Building a Clean and Inclusive Economy: Mary Ng and Piyush Goyal Discuss the Future of India-Canada Trade
Piyush Goyal and Mary Ng both expressed their eagerness to deepen India-Canada trade ties, mutually benefiting both countries. Mary Ng highlighted the importance of building a clean and inclusive economy that creates prosperity for both nations, while Piyush Goyal expressed his hope that India and Canada would further enhance collaboration in new and diverse areas for greater growth.
Canada and India's EPTA Talks Enter Seventh Round in Bid for Closer Trade Ties
The two country's officials have been holding negotiations on the EPTA, with the seventh round of negotiations being held in Ottawa last month. The Canada-Indian Business Council will also host a reception for Goyal, and he is expected to meet Canadian CEOs during his visit to Toronto.
EPTA agreement could boost economic growth, create jobs, and increase investments in Canada and India
The potential EPTA agreement highlights the importance of trade relationships between Canada and India. As both countries aim to expand their markets, this agreement could play a crucial role in boosting economic growth, creating jobs, and increasing investments. The EPTA could also facilitate a more efficient trade environment, allowing businesses to grow and succeed in both Canada and India.