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India Canada Have Agreed To Re-Launch The CEPA

India Canada Have Agreed To Re-Launch The CEPA:

India – Canada have agreed to re-launch the Comprehensive Economic Partnership Agreement (CEPA) negotiations to unlock full potential of bilateral trade.

  • They are also considering an Interim Agreement or Early Progress Trade Agreement (EPTA) that could bring early commercial gains to both the countries.
  • The trade agreement would help in expanding bilateral trade in goods and services through unlocking the potential across sectors.

India-Canada Comprehensive Economic Partnership Agreement (CEPA):

  • In September 2008, the India-Canada CEO Round Table recommended that India and Canada would benefit enormously from CEPA by elimination of tariffs on a substantial majority of the bilateral trade.
  • CEPA would cover trade in goods, trade in services, rules of origin, sanitary and phytosanitary measures, technical barriers to trade and other areas of economic cooperation.