Ahead of PM’s visit, India’s envoy says Canada could sign trade deal ‘within a year’
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India’s envoy to Ottawa says Canada could sign a comprehensive trade deal with New Delhi within a year — despite the fact that trade talks between the two nations have stalled multiple times since they started in 2010.
Ahead of Prime Minister Mark Carney’s anticipated visit to India, High Commissioner Dinesh Patnaik said Thursday a 12-month timeline isn’t overly ambitious because both countries face a shifting geopolitical climate requiring collaboration in multiple sectors.
“We expect it to be much faster, given that we both have had enough experience of doing these kind of free trade agreements in the last one or two years,” Patnaik told The Canadian Press.
Patnaik said Carney’s visit likely will involve meetings with a wide range of government and business officials in New Delhi and Mumbai.
In November, Carney and Indian Prime Minister Narendra Modi agreed to formally launch negotiations on a Comprehensive Economic Partnership Agreement — a trade deal that would cover almost all services and goods, including investments, agriculture and digital trade.
Canada and India launched talks 16 years ago on a comprehensive deal before downgrading those negotiations to focus instead on a sectoral deal that would touch only on specific industries.
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