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Canada's Minister of International Trade to visit lndia

New Delhi, Wed, 02 Nov 2011 ANI

New Delhi, Nov.2 (ANI): Canada's Minister of International Trade and Minister for the Asia-Pacific Gateway, Ed Fast, will lead a trade mission to India from November 3 to 9 to promote increased trade and investment between Canada and India.


Fast's visit will take him to Delhi on November 3 and 4, Ahmedabad on November 5 and 6, Mumbai from November 7 and 9, and Pune on November 7 and 8, a Canadian High Commission release said.


While in India, Fast will see first-hand how Canadian and Indian companies already work together, discuss ways to encourage more Canadian and Indian companies to business together, and promote investment opportunities in Canada for Indian companies.


He will also meet with the Union Commerce and Industry Minister Anand Sharma for the Second Annual Ministerial Dialogue on Trade and Investment. Minister ast will discuss, among other things, how Canada and India can build on their trade and investment relationship, and highlight the progress on negotiations toward a comprehensive economic partnership agreement.


In 2010, bilateral merchandise trade between Canada and India totalled 4.2 billion dollars, an increase of 46.6 percent since 2005.


In 2010, the stock of two-way direct investment was over seven billion dollars. Canadian Prime Minister Stephen Harper and Prime Minister Manmohan Singh have committed to tripling trade to 15 billion dollars by 2015.


A Canada-India joint study shows that a comprehensive economic partnership agreement could boost the gross domestic product of both countries by at least 6 billion dollars per year. (ANI)


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