India, Canada formally launch talks for free trade
Wednesday, 17 November 2010, 06:49 IST
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New Delhi: India and Canada today formally launched negotiations for a comprehensive market opening pact to boost bilateral trade. "Today, we are here to announce after the understanding reached between both the Prime Ministers (of India and Canada) a formal launch of Comprehensive Economic and Cooperation Agreement (CECA)," Commerce and Industry Minister Anand Sharma told reporters here today. Sharma said that as per a joint study group report, both countries will benefit from the CECA and the gains for Indian and Canada would be of the order of 39 to 62 per cent. The minister said India's GDP is likely to benefit by about USD 10 billion from the proposed free trade pact.
Source: PTI
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