Home / Knowledge / News / Textiles / CII, CCEA to study feasibility of FTA with Canada

CII, CCEA to study feasibility of FTA with Canada

20
Jun '07
The Confederation of Indian Industry (CII) and Canadian Council of Chief Executives (CCCE) have agreed to set up a task force to study the feasibility of India-Canada Free Trade Agreement (FTA) at the second meeting of the India-Canada CEOs Forum held in Montreal, a press release issued by the CII.

The Foreign Investment Protection Agreement (FIFA) that is being negotiated between India and Canada is the first step towards the FTA between the two countries. The two sides have set a target of $ 20 billion bilateral trade and $ 5 billion bilateral investment flow, the release said.

Mr Kamal Nath, Minister of Commerce & Industry, who addressed the Forum along with the Prime Minister of Quebec Mr. Jean Charest and Minister for International Trade Canada, Mr David Emerson, told the CEOs that India and Canada must seize this opportunity to significantly increase two-way trade and investment flows and suggested that alongside the target of US $ 10 billion each annually in bilateral goods and services trade to be achieved in five years, India and Canada should work to achieve US $ 5 billion a year in bilateral investment flows by 2012.

He also expressed the hope that the completion of the Doha Round of WTO negotiations would go a long way in liberalising and enhancing trade and investment flows between the two countries, the release said.

Referring to the economic scenario in India, Mr. Kamal Nath informed the Canadian CEOs that the Indian economy had grown by 9% and the aim was to take this growth to 10% in the next couple of years.


Must ReadView All

Pic: Shutterstock

Textiles | On 24th Jul 2021

5.2 lakh Zimbabwean homes to gain from Pfumvudza cotton inputs scheme

At least 520,000 households in the marginalised zones of Zimbabwe...

Pic: Lanzatech

Textiles | On 24th Jul 2021

US' LanzaTech, Lululemon to make yarn from recycled carbon emissions

LanzaTech has joined hands with Lululemon athletica, an athletic...

Pic: HOdo Group

Apparel/Garments | On 24th Jul 2021

Chinese apparel firm HOdo exports carbon-offset clothing

Apparel brand HOdo has claimed producing and exporting China’s first...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Biggest learning was adaptability

Textile Industry, Head honchos

Textile Industry
Head honchos

Fabric selection & recommendation based on client's brief

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Amanda Cioletti,

Amanda Cioletti

The entertainment/character segment lead as the largest sector for the...

Chini Chouhan,

Chini Chouhan

Founded by Chini Chouhan, her eponymous brand specialises in women's...

Shambhu Nath Jha,

Shambhu Nath Jha

Leading research and consulting firm Fact.MR recently launched a report on ...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Dr Anup Rakshit, ITTA

Dr Anup Rakshit
ITTA

The Indian Technical Textile Association (ITTA) is the only association of ...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search