Carney, Modi agree to revive comprehensive trade deal talks
Global News
Canadian and Indian prime ministers Mark Carney and Narendra Modi have agreed to work towards a new comprehensive economic partnership agreement.
Canada and India have agreed to work towards a comprehensive trade deal, reviving efforts that first began 15 years ago.
A readout from Indian Prime Minister Narendra Modi’s office said he and Canadian Prime Minister Mark Carney agreed to begin negotiations on a “high-ambition” comprehensive economic partnership agreement (CEPA).
Modi also invited Carney to visit India, though no time was specified.
“The ability to have more effective trade with them to scale that trade with them would be greatly helped by that (an agreement),” Carney told reporters earlier Sunday at the G20 summit.
According to the readout, the trade agreement would be aimed at doubling bilateral trade to US$50 billion by 2030.
A readout had not been issued by the Prime Minister’s Office as of 4 p.m. Sunday.
Foreign Affairs Minister Anita Anand confirmed the formal launch to the Canadian Press, saying the trade deal would include goods, services, investments, agriculture, digital trade, labour mobility, and sustainable developments.
“The leaders are both moving with alacrity to ensure that this CEPA is concluded as soon as possible,” Anand said.
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