India- Canada Ministerial Dialogue on Trade and Investment (MDTI) is a bilateral mechanism that provides an institutional mechanism to discuss a broad spectrum of trade…reports Asian Lite News
Union Minister of Commerce and Industry Piyush Goyal met Canadian Minister for International Trade Mary Ng during his two-day visit to Canada and co-chaired the India- Canada Ministerial Dialogue on Trade and Investment (MDTI) in Ottawa.
“Co-chaired the 6th India-Canada Ministerial Dialogue on Trade & Investment with my Canadian counterpart Mary Ng,” Goyal tweeted. “The dialogue reinforced how forging an Early Progress Trade Agreement would further deepen the Indo-Canadian trade ties, mutually benefiting both the countries.”
Goyal will hold meetings with CEOs of key Canadian companies, a Round Table of Indian and Canadian CEOs, interaction with Canadian and Indian companies based in Canada and a Financial Sector Round table, among others. The visit is expected to impart further momentum to bilateral trade and investment relations.
The minister would be accompanied by a delegation of Indian CEOs led by industry body FICCI.
Meanwhile, the Canadian minister said: “Working together is how we create good jobs & opportunities for our people. Today, Piyush Goyal & I co-chaired the 6th Canada-India Ministerial Dialogue on Trade and Investment – building on our strong foundation to open new doors for our businesses and jobs for our people.”
India- Canada Ministerial Dialogue on Trade and Investment (MDTI) is a bilateral mechanism that provides an institutional mechanism to discuss a broad spectrum of trade and investment-related issues and cooperation areas.
The dialogue focused on various themes including strengthening the Bilateral Trade Relationship between India and Canada, Investment Promotion and Cooperation, Green Transition – including Critical Minerals discussion and new Areas of Cooperation such as promoting B2B engagements.
The ministers also reviewed India-Canada CEPA (Comprehensive Economic Partnership Agreement) negotiations.
At the last MDTI meeting in March 2022, both ministers launched the CEPA negotiations with the possibility of an interim agreement or EPTA (Early Progress Trade Agreement). Since then, seven rounds of negotiations have been held.
Goyal will also inaugurate the Indian Pavilion at SIAL CANADA-2023, which is the largest food innovation trade show in North America with the participation of more than 1000 national and international exhibitors from 50 countries.
There will also be a Trade and Investment Promotion Event for the Agricultural and Food Processing sector with Indian companies and Canadian importers on the sidelines of SIAL-2023. This event is likely to be attended by 200 companies. (ANI)