However, “progressive trade” is just another obstacle on a negotiating path already strewn with them. The scope of the agreement was a key difference. India “is not prepared to provide the kind of market access that Canada would normally expect from a trade agreement,” he said. The Indian government has not hesitated to protect politically sensitive sectors, such as agriculture, by recently imposing tariffs on pulses – Canada`s largest individual export to India – to regulate its domestic market. Their priority is labour mobility, especially for technology workers. Click here to read the Mint ePaperMint is now on telegram. Join the mint chain in your telegram and stay up to date with the latest economic news. New Delhi: Ahead of Canadian Prime Minister Justin Trudeau`s visit to India in February, both sides are looking for a breakthrough in long-standing negotiations on a free trade agreement. “I think a lot of our problems with the RCEP came because there were areas of competition where our concerns were not being addressed,” Jaishankar noted.
“So I think for me, as Minister of Foreign Affairs, finding a conclusion with Canada would be a big goal.” While Canada and Indian leaders agree that the two countries should maximize bilateral trade and economic relations, Ottawa seems much more enthusiastic about pursuing a free trade agreement (FTA) than New Delhi. In 2010, Canada and India began negotiations for a Comprehensive Economic Partnership Agreement (EPA), the last round of the final round in New Delhi from August 21 to 23, 2017. Constructive discussions took place on a number of topics, including cross-border trade in goods and services, e-commerce, telecommunications, health and plant health measures, and technical barriers to trade. The previous round, which focused on the main sectors of goods, services and temporary entry, took place in New Delhi, India, in March 2015. Trudeau`s Indian itinerary includes several meetings with local economic leaders, including the leaders of some of the country`s largest companies such as Tata and Birla and IT outsourcing giant Infosys.