Study on trade pact with Canada may be ready in May
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Last Updated: Thursday, January 07, 2010, 17:43
  
New Delhi: A joint study panel examining the feasibility of India's market opening trade pact with Canada is likely to come up with its report in May, a Canadian High Commission official said on Thursday.

The Joint Study Group formed in November 2009 has already met once and is expected to complete its work in next few months, Mario Ste-Marie, Senior Trade Commissioner in the High Commission, said at a CII event here.

Asked by when the Comprehensive Economic Partnership Agreement (CEPA) between India and Canada can be signed Ste- Marie said "it depends upon the recommendations of the JSG." But he said it could take two years or more.

The two nations had signed a memorandum of understanding here in the presence of Canadian Prime Minister Stephen Harper and Prime Minister Manmohan Singh.

The India-Canada bilateral trade stood at USD 4.6 billion in 2008.

Ministry of Micro, Small and Medium Enterprises Secretary Dinesh Rai said CEPA would not only encourage economic growth but would also create employment opportunities.

PTI


First Published: Thursday, January 07, 2010, 17:43


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