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-EU Trade Talks Resume

The proposed India-EU FTA covers 23 policy areas, or chapters, of which at least two – market access and rules of origin – have yet to be resolved….reports Asian Lite News India

India Launches Relief Ops in Bhutan

The Royal Government of Bhutan has expressed sincere gratitude to the Indian Army…reports Asian Lite News Amid unprecedented floods caused by a low-pressure system over the Bay of Bengal, relentless rainfall has

Jaishankar Hints at Tariff Deal with US

Jaishankar explained that the ongoing trade tensions largely stem from the inability of both sides to reach a common ground on several issues….reports Asian Lite News External Affairs Minister S. Jaishankar on

Rajnath Singh Heads to Australia for Key Defence Talks

The visit comes at a historic moment when India and Australia commemorate five years of establishment of India-Australia Comprehensive Strategic Partnership…reports Asian Lite News Defence Minister Rajnath Singh will visit Australia from
Go toTop

Don't Miss

MEA declines to comment on reports that Australia expelled 2 Indian spies

Earlier, Australian media reported that Canberra expelled two Indian spies

‘Get prepared for deeper layoffs in 2023’

This is the first time since early days of the