May 8, 2023
1 min read

‘India-Canada FTA to be signed earlier than with UK’

The interim agreement will include high-level commitments in goods, services, rules of origin, sanitary and phytosanitary measures…reports Asian Lite News

The free trade agreement (FTA) between India and Canada is likely to be finalised sooner than the one with the UK, media reported.

According to The New Indian Express, the interim agreement between India and Canada will bring early commercial gains, according to a top government official. Commerce Minister Piyush Goyal is in Canada to sign the deal, which includes high-level commitments in goods, services, and other areas mutually agreed upon.

The interim agreement will include high-level commitments in goods, services, rules of origin, sanitary and phytosanitary measures, technical barriers to trade, and dispute settlement, and may also cover any other areas mutually agreed upon, it was reported.

Meanwhile, talks with the UK have slowed down after the new government took over, with the next round of meetings scheduled for May-end or beginning of June. The UK is demanding duty concessions on Scotch whisky, electronic items, and automobiles, while the corporate sector wants progress on visa and mobility issues.

“Under the regime of Boris Johnson, the trade talks were at full swing. But after the Diwali deadline couldn’t be met, things seem to have slowed down. However, the negotiations will gain momentum going forward,” the report quoted the official as saying.

ALSO READ: Goyal set to visit Canada

Previous Story

Millions face job losses in Pakistan

Next Story

Fashion at the coronation

Latest from -Top News

India invites Rishi Sunak to its AI summit in 2026

India to host world’s first Global South AI summit in 2026, with Ashwini Vaishnaw inviting Rishi Sunak to join global talks on responsible, inclusive artificial intelligence. India’s Union Minister for Electronics and

Kerala CM, Bahrain Deputy PM discuss boosting ties

Chief Minister Pinarayi Vijayan’s Bahrain visit deepens Kerala’s engagement with the Gulf, focusing on trade, investment, and diaspora welfare as both sides reaffirm shared interests in development and cultural exchange. Kerala Chief

Kerala CM begins Gulf tour

Kerala CM Pinarayi Vijayan begins Gulf tour in Bahrain, engaging expatriate community and promoting welfare initiatives for NRKs, strengthening diaspora ties and showcasing Kerala’s development achievements….reports Asian Lite News Kerala Chief Minister

Delhi Dismisses Trump’s Oil Claim

India’s foreign ministry says it is “not aware” of a phone call in which Donald Trump claimed Narendra Modi agreed to halt Russian oil purchases…reports Asian Lite News India’s foreign ministry has

Kerala CM Vijayan Begins Gulf Tour

Vijayan’s Middle East tour underwent a revision after the Ministry of External Affairs declined permission for his planned visit to Saudi Arabia….reports Asian Lite News Kerala Chief Minister Pinarayi Vijayan arrived in
Go toTop

Don't Miss

Cong may see Gehlot vs Tharoor contest for top post

Congress leader Jairam Ramesh says nobody needs any nod to

Over 200 trains cancelled from Sep 8 to 11

India will host the G20 Summit on September 9 and