Canada says focused on completing deal ahead of 5th round of CEPA talks
Canada is focused on finalizing the CEPA with India to boost its economy, with talks aiming to conclude by year-end for broad trade opportunities.
As Indian negotiators meet their Canadian counterparts in Ottawa for the fifth round of talks on the Comprehensive Economic Partnership Agreement (CEPA), Canada is emphasizing its commitment to wrapping up the deal. The aim is to "open new doors" for Canada's economy and provide opportunities for Canadian businesses and workers in India, one of the world's largest economies.
Minister of International Trade Maninder Sidhu highlighted that the momentum from his previous visit to Mumbai and discussions with Commerce and Industry Minister Piyush Goyal will help drive the negotiations. He pointed out India's growing energy needs, predicting a 70% increase by 2035, and emphasized Canada's willingness to meet these demands, especially with its new LNG Canada Phase 2 facility, set to become one of the world's top five exporters.
Prime Minister Mark Carney's recent announcement of a CA$ 33 billion investment in LNG Canada Phase 2 will enable Canada to export low-emitting LNG to new Asian markets. Sidhu's upcoming Team Canada Trade Mission to India later this month will feature close to 300 Canadian delegates, marking the largest-ever Canadian trade mission to India.
Written by urgent.news from Hindustan Times - World News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
