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India, Canada agree on FIPA and SSA

New Delhi , Sat, 24 Sep 2011 ANI

New York, Sep 24(ANI): Union Commerce and Industry Minister Anand Sharma and Canadian Minister of International Trade Edward Fast have agreed that residual issues with regard to Foreign Investment Protection Agreement (FIPA) and Bilateral Social Security Agreement (SSA) between the two countries have been resolved and both agreements could now be signed at an opportune time.


Fast also confirmed that the Canadian side has delinked the SSA from FIPA.


The Canadian Minister flew down to New York to meet with Sharma on Friday.


Sharma raised the issue of constrained supply of Potash from Canada to the Indian buyers.


He said that the Government of Canada should view this matter from a strategic perspective and urge the Canadian businesses to enter into long term agreements with the Indian buyers on commercial terms.


The two ministers also took stock of the current status of trade and commercial linkages between India and Canada.


They also discussed steps to be taken by both sides to intensify the interaction between the government and the private sector stakeholder on both sides.


Sharma further underscored the need to convene the meeting of the India-Canada CEO Forum at an early date so that the agenda for positive engagement between the businesses of the two countries could be furthered.


He also strongly raised the problems being faced by professionals of the Indian IT industry in obtaining appropriate visas for Canada.


He said that this was limiting services trade between the two countries. In this regard, he asked Fast to sensitize the relevant Canadian authorities to remove impediments to the movement of IT professionals from India to Canada.


Fast said that the Canadian government had recently changed its policy and under the revised guidelines Canada was giving appropriate multiple entry visas if the passports were of 10 year validity. (ANI)


Read More: Anand | Fri

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