The Latest Policy: India, Canada Officially Launched The Free Trade Talks
According to the India business standard, India Canada has officially launched free trade negotiations to promote bilateral economic and trade development.
Canada's minister of international trade said that in the next five years, the total volume of bilateral trade between India and Canada will increase to $15 billion.
The free trade arrangement with India is an important part of Canada's overall free trade arrangement, which will open up the market for Canadian enterprises and create jobs.
Sharma, Minister of Commerce and industry in India, said that India enterprises in the field of energy, IT, education and mining have a very good prospect in Canada.
The joint feasibility study report shows that the two sides' comprehensive economic cooperation agreement will benefit the two countries and bilateral bilateral numbers will increase by 39% to 62%.
The conclusion of the agreement can boost the gross domestic product of the two countries. This free trade arrangement is expected to increase the total GDP volume in India by 60 to 12 billion US dollars and increase the total GDP in Canada by 60 to 15 billion dollars.
At present, 2009 Canada Bilateral trade in goods with India amounted to US $4 billion 200 million, mainly in Canada. Exit The products are vegetables, fertilizers, machinery and wood pulp, etc., and import products are organic chemicals, clothing, gemstones, metals and electronic equipment.
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