Ottawa, New Delhi Discuss Comprehensive Economic Partnership

The Canadian and Indian delegations in Sorrento, Italy.

Sorrento, Italy: Canadian Minister of Small Business, Export Promotion and International Trade, Mary Ng and Piyush Goyal, Indian Minister of Commerce & Industry, Consumers Affairs & Food & Public Distribution, and Textiles, on Wednesday reviewed the ongoing negotiations on the Canada-India Comprehensive Economic Partnership Agreement and the Canada-India Foreign Investment Promotion and Protection Agreement.

The ministers agreed to continue working together to deepen the commercial relationship between Canada and India.

Further, Ministers Ng and Goyal discussed cooperation in support of WTO reform and successful outcomes at MC12. Minister Ng emphasized the importance of supporting the flow of trade in agricultural and other food products, and Canadian exports of pulses to India.

The meeting between the two minister were held on the margins of the G20 Trade and Investment Ministers meeting held in Italy on October 11 and 12, 2021.

Piyush Goyal said after the meeting: “International cooperation on rules-based trade is key to supporting a strong, sustainable and inclusive economic recovery from the COVID-19 pandemic. and Talks are on for a Comprehensive Economic Partnership Agreement, with energy, new technologies, manufactured goods & services, being key areas for future cooperation.

Mary Ng concluded successful meetings with her counterparts at the Ministerial Meeting Canada and the other G20 members endorsed a joint statement on trade and investment that reinforces their commitment to supporting a strong global economic recovery from the pandemic and to strengthening the rules-based international trading system that has the WTO at its core.

At the meeting, Minister Ng participated in discussions regarding support for businesses seeking to expand into international markets, including support for micro, small and medium-sized enterprises (MSMEs), which are vital to Canada’s economic growth and the prosperity of Canadians.

She welcomed G20 members’ endorsement of a voluntary policy toolkit to help MSMEs navigate the challenges of the digital and green transitions.

Ministers Mary Ng and Piyush Goyal in Sorrento, Italy. Pic: Mary Ng

This policy toolkit will better position them to integrate into the international trading system. On the theme of trade and health, Minister Ng emphasized Canada’s priority of enhancing the capacity of the international trade system to respond to current and future global public health emergencies and to improve the resilience of vital global supply chains.

The WTO declaration on trade and health, now supported by more than 50 WTO members, including Canada and many G20 members, outlines concrete actions to address these priorities.

Minister Ng encouraged additional G20 members to join the initiative and ensure that it is a priority at the 12th WTO Ministerial Conference (MC12), which will occur from November 30, to December 3.

In advance of MC12, Minister Ng also encouraged G20 members to make progress on WTO reform issues, which include fisheries subsidies, agriculture domestic support, trade and the environment, trade and gender, and the restoration of a fully functioning dispute settlement system, as well as making progress on the Joint Statement Initiatives, which include ECommerce, Investment Facilitation, and Domestic Services Regulation.

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