India & Canada to finalise trade pact terms in March

Third attempt by both countries to negotiate the deal

- FE BUREAU

INDIA AND CANADA are likely to finalise the Terms of Reference (TOR) of the Comprehensive Economic Partnership Agreement (CEPA) during the visit of Canadian Prime Minister Mark Carney’s visit to India early next month.

The ToR establishes the framework, scope, objectives, and procedures for the negotiations. The signing of ToR will mark the first step for negotiations to begin.

It is the third attempt by both countries to negotiate the CEPA. The negotiations on CEPA with Canada first started in 2010 but could not make much progress.