India seeks early conclusion of FTA with Canada
27 Apr 2007
Mumbai:
India has sought Canada''s help in early conclusion
of a free trade agreement with it and said the pact
would bring a new era of economic relations between
the two countries.
This was conveyed by India''s new high commissioner to
Canada, R L Narayan.
The envoy said the present environment offers a window
of opportunity for India and Canada to further strengthen
and diversify their trade and economic cooperation.
"We believe that it is mutually rewarding for India
and Canada to work towards a strategic partnership,"
Narayan said while addressing members of the Indo-Canada
Chamber of Commerce in Toronto.
"Indo-Canada relations are at the threshold as
both countries are committed to boosting trade and investment,
cooperation in the field of science and technology,
including environment-friendly technologies, as also
mutual investments," he said.
Narayan
said the economic engagement between India and Canada,
both in terms of trade and investment, has a huge untapped
potential, even though Canada has done well in exporting
various goods to India. Canada''s exports to India have
increased close to 21 per cent last year compared to
the previous year, he said.
"It seems the momentum is building up. The challenge
is to sustain this momentum. I believe, in the last
20 months, we''ve had some very encouraging engagements
between India and Canada to push things along,"
he said.
.webp)
