Canada’s new PM urged to fast track free trade agreement with India

There are high expectations from Justin Trudeau, the new Prime Minister of Canada whose Liberal Party handed a big blow to Stephen Harper, the Conservative Prime Minister of Canada. 19 major Indo-Canadian organizations have urged Trudeau to fast-track the long-pending free trade agreement with India.
There are high expectations from Justin Trudeau, the new Prime Minister of Canada whose Liberal Party handed a big blow to Stephen Harper, the Conservative Prime Minister of Canada. 19 major Indo-Canadian organizations have urged Trudeau to fast-track the long-pending free trade agreement with India.

TORONTO (TIP): Welcoming the incoming Canadian Prime Minister Justin Trudeau whose Liberal Party was swept to power October 19 major Indo-Canadian organizations have urged him to fast-track the long-pending free trade agreement with India.

Ajit Someshawar, chairman of the Canada-India Foundation (CIF), urged Trudeau to make a state visit to India as one of his foreign policy priorities and conclude the long-pending Comprehensive Economic Partnership Agreement(CEPA) and the Foreign Investment Protection Agreement (FIPA) between the Canada and India.

Canada and India have agreed to triple their trade to $15 billion, but the progress has been tardy even as the visit by Modi – the first by any Indian PM in 42 years – here in April and two trips to India by his Canadian counterpart have reinforced this pledge.

“The growth in bilateral trade between the two countries has still not reached its full potential and even the modest goal of $15 billion annually is still far away,” said the chairman of the Canada-India Foundation which has honored many great Indians such as former President APJ Abdul Kalam, Ratan Tata, Narayana Murthy and Deepak Chopra with its annual CIF Chanchlani Global Indian Award of $50,000 since its inception in 2008.

Someshawar also urged the new Canadian prime minister to reinforce the Canada-India Inter-parliamentary Friendship Group to bring parliamentarians of the two countries together. He also welcomed the new Family Class Reunification plan announced by the incoming government as it will help the 1.2-million-strong Indo-Canadian community to bring their dependents into Canada quickly.

Canada-India Business Council (C-IBC) vice-chairman Kam Rathee also urged the new Canadian prime minister to conclude the long-pending free trade agreement with India on a priority basis.

“The new prime minister should also set in motion a process to develop trade investment and services so that non-profit associations and organizations that promote Canada-India business get financial support,” added Rathee.

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