Joint Statement was issued at the conclusion of the 5th India-Canada Ministerial Dialogue on Trade & Investment held in New Delhi on March 11, 2022.
About:
The Ministers agreed to formally re-launch the negotiations for India-Canada Comprehensive Economic Partnership Agreement (CEPA) and also consider an Interim Agreement or Early Progress Trade Agreement (EPTA) that could bring early commercial gains to both the countries.
The Interim Agreement would include high level commitments in goods, services, rules of origin, sanitary and phytosanitary measures, technical barriers to trade, and dispute settlement, and may also cover any other areas mutually agreed upon.
Canada also agreed to examine expeditiously the request for Conformity Verification Body (CVB) status to APEDA (Agricultural and Processed Food Products Export Development Authority) for facilitating Indian organic export products.
India-Canada Bilateral Center will be set up for dedicated science and technology activities between the two countries. India has already established such bilateral centres in countries like US, Germany and France.
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