In November 2009, the Canadian and Indian prime ministers, Stephen Harper and Manmohan Singh, set up a joint study group to examine the feasibility of concluding a comprehensive economic partnership agreement (CEPA) between the two countries. The joint study predicted significant gains for both countries and, on 12 November 2010, the prime ministers announced the formal launch of negotiations towards a CEPA.
The fourth round of negotiations took place in New Delhi this February, and the fifth round of negotiations is imminent.
Partner
Bennett Jones LLP
Bilateral trade and investment between India and Canada is currently relatively modest (India is Canada’s 15th largest trading partner and Canada is India’s 33rd largest trading partner). This masks the complementary characteristics of the countries’ economies and the potential to expand economic relations to mutual benefit.
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Milos Barutciski and Angus Mitchell are partners at Bennett Jones LLP, a leading Canadian law firm with over 400 lawyers in offices throughout Canada and in the UAE.
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