India and Canada held the fifth Ministerial Dialogue on Trade & Investment(MDTI).<\/span><\/p>\n The meeting was co-chaired by India\u2019s Commerce and Industry Minister and Canada\u2019s Minister of International Trade.<\/span><\/p>\n India and Canada have agreed to formally re-launch the negotiations for the India-Canada Comprehensive Economic Partnership Agreement(CEPA).<\/span><\/p>\n They will also consider signing an Interim Agreement or Early Progress Trade Agreement (EPTA) that could bring early commercial gains to both countries.\u00a0<\/span><\/p>\n Total bilateral trade between India and Canada including goods and services crossed $11 billion.\u00a0<\/span><\/p>\n Major Indian exports to Canada include drugs and pharmaceutical products, iron & steel products, marine products, cotton fabrics & readymade garments (RMG) while key Canadian exports to India comprise pulses, fertilizers, coal and crude petroleum.\u00a0<\/span><\/p>\n India is gearing up to finalize FTAs with the UK, Australia, EU, Canada and other major economies.\u00a0<\/span><\/p>\n The Economic Survey highlighted India’s need for FTAs as it will help it to diversify exports and explore new shores for the promotion of its products. According to survey, 40% of India’s exports is limited to just seven countries. This indicates that India needs to do a lot more on widening its export basket and give a further push to promoting exports to new shores.<\/span><\/p>\n Moreover, negotiations for FTAs are a part of India\u2019s broader strategy to sign \u201cbalanced\u201d trade agreements with key economies. This move gained traction after India pulled out of the <\/span>Regional Comprehensive Economic Partnership (RCEP)<\/a> <\/span>talks in 2019.<\/span><\/p>\n Source<\/b>: This post is based on the article \u201c<\/b>India \u2013 Canada to re-launch the Comprehensive Economic Partnership Agreement (CEPA) negotiations<\/b>\u201d <\/b>published in PIB <\/b>on 11th Mar 2022.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":" What is the News? India and Canada held the fifth Ministerial Dialogue on Trade & Investment(MDTI). The meeting was co-chaired by India\u2019s Commerce and Industry Minister and Canada\u2019s Minister of International Trade. What are the key highlights from the dialogue? India and Canada have agreed to formally re-launch the negotiations for the India-Canada Comprehensive Economic… Continue reading India \u2013 Canada to re-launch the Comprehensive Economic Partnership Agreement (CEPA) negotiations<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,164,9],"tags":[3590],"class_list":["post-173896","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-international-relations-daily-factly-articles","category-public","tag-pib","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704866821},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/173896","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=173896"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/173896\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=173896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=173896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=173896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What are the key highlights from the dialogue?<\/b><\/h5>\n
India-Canada Trade<\/b><\/h6>\n
What is the need for India to sign FTA with other countries?<\/b><\/h5>\n