Canada today asked India to finalise the Bilateral Investment Promotion and Protection Agreement by the year-end to increase the investment flow between the two countries. The agreement has been under negotiation since 1994. | |
| Canadian Minister for International Trade Jim Peterson told Commerce and Industry Minister Kamal Nath at a meeting today that early conclusion of the agreement would help increase investment flow from Canada to India. |
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| Both sides noted that FDI flows from Canada was the lowest among the G-8 countries. Bilateral trade at $1.5 billion in 2004-05 was also below potential. |
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| Canada also indicated that it would support India's stance on agriculture and services at the WTO. Sources said Canada agreed with India's view that subsidies were high and there was an absence of a level playing field. It also agreed to the need for special and differential treatment being allowed for developing countries. |
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| The Canadian side raised the issue of annual permits required to export pulses to India while New Delhi raised the issue of health warning issued in Canada in July this year. The warning was against the use of some ayurvedic products because they had high metallic content. |
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