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2010-01-09

India-Canada trade ties to grow stronger

With both India and Canada exploring trade opportunities with each other, the small and medium enterprises (SMEs) of both the countries will be benefiting.

With both India and Canada exploring trade opportunities with each other, the small and medium enterprises (SMEs) of both the countries will be benefiting.

 

Canada is looking at a relaxed policy regime for the companies that want to enter India under the proposed Comprehensive Economic Partnership Agreement (CEPA). It will be exploring the potential of a duty-free agreement for goods and services and an investment treaty to encourage SMEs from the country to explore the Indian market. Canadian SMEs see a lot of opportunities in India especially in sectors like mining, life sciences and finance and want to explore them.

 

For this purpose, a joint study group was set up in November 2009 and the studies done by the group will be released in May this year. 

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