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| Canada presses for investment protection pact with India
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Kolkata, Feb 8 /--/ (PTI) High commissioner of Canada in India Joseph Caron said his country is pressing for entering into a foreign investment protection treaty with India.
"We are pressing with the Indian government for a foreign investment protection treaty," Mr Caron said today. Besides, the two countries have already initiated a Comprehensive Economic Partnership Agreement (CEPA), which is now at a study stage, Caron said at the Merchants' Chamber of Commerce (MCC) here. On bilateral trade, he said the present volume of two-way trade was USD five billion. "There is huge potential for this volume to grow," the high commissioner added.
50 per cent of Canada's exports to India comprise of fertilisers, iron ore, nickel and copper, Mr Caron mentioned. He also said India was a big importer of agricultural produce from Canada. "We want importing volumes in agri-produce to grow". At present, 15-18 per cent of Canada's export basket consists of agri-produce. Canada has set up a trade office in Kolkata, but the high commissioner mentioned that the country does not have immediate plans to set up a visa office in the city. (PTI)
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