Canada-India Comprehensive Economic Partnership Agreement Negotiations - Background Information
Expanding trade and investment with large, fast-growing markets, including India, is a priority for the Government of Canada. India’s GDP growth, expected to be 7.2 percent in 2017, is amongst the highest in the world.
In 2016, two-way merchandise trade between Canada and India was worth more than $8 billion. India’s rapidly expanding economy offers tremendous opportunities for Canadian companies in emerging sectors such as transportation infrastructure, life-science, clean energy technology (e.g. integration of renewable energy/smart grid; carbon capture, use and storage; and energy efficiency) and renewable energy as well as in traditional sectors such as infrastructure development, natural resources, defence and security, value-added food products, mining and oil and gas. Science and technology collaboration, innovation and educational linkages are also important areas of opportunity for Canadian business.
The Government of Canada is looking at all avenues to deepen our trade and investment relationship. In addition to trade promotion activities, Canada is maintaining strong efforts on advancing negotiations on a Foreign Investment Promotion Protection Agreement (FIPA) and a Comprehensive Economic Partnership Agreement (CEPA). The Government’s approach is one that puts the interests of Canadians and opportunities for the middle class, women, youth and Indigenous people front and centre.
Status of the negotiations
Last updated October 2017
In 2010, Canada and India launched negotiations toward a Comprehensive Economic Partnership Agreement (CEPA) with the most recent round held on August 21-23, 2017, in New Delhi. Constructive discussions were held on various issues, including cross-border trade in goods and services, e-commerce, telecommunications, sanitary and phytosanitary measures, and technical barriers to trade. The previous round, which focused on core areas of goods, services and temporary entry, was held in New Delhi, India in March 2015.
Canadian and Indian officials have agreed to continue their engagement over the coming months to advance the CEPA negotiations.