The Canadian government announced Jan. 21 that it has agreed to initiate exploratory discussions toward a comprehensive economic partnership agreement with India. At a meeting this week Canadian Minister of International Trade Stockwell Day and Indian Minister of Commerce and Industry Kamal Nath stressed the need to further tap the potential for increased bilateral trade and investment, especially in the areas of infrastructure, agriculture and related activities, and industrial goods. They also acknowledged the progress made on the Canada-India Foreign Investment Promotion and Protection Agreement and emphasized the need for an early implementation of that pact.
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