HYDERABAD: Canada hopes the Comprehensive Economic Partnership Agreement (CEPA) with India will be concluded by the year-end but believes the next round of negotiations likely next month will be crucial for making progress.
“We are optimistic that when we have the next round, we could be moving more quickly to a resolution. It depends on ambition on both sides. There are certain things India is looking for and there are certain things we are looking for,” Canadian High Commissioner to India Stewart G. Beck said.
The high commissioner said the studies show that CEPA would add $6 billion in trade both ways.
Pointing out that both the countries have concluded Foreign Investment Promotion and Protection Agreement (FIPPA), he said Canada was waiting for India to sort out some issues it had with the agreement.
The high commissioner said the target set by the two countries for a three-fold increase in the bilateral trade to $15 billion by 2015 was not an easy one.
Reference: 1;article appeared w.r.t. Mumbai