India-Canada Comprehensive Economic Partnership Agreement (Cepa)

The India-Canada Comprehensive Economic Partnership Agreement (CEPA), signed in 2010, is a bilateral agreement between India and Canada aimed at promoting trade and investment between the two countries. The agreement covers a wide range of sectors, from agriculture and fisheries to financial services and information technology.

One of the key objectives of the CEPA is to increase bilateral trade between India and Canada. The agreement aims to eliminate or reduce tariffs on a wide range of goods and services, making it easier and more cost-effective for businesses in both countries to trade. The CEPA also includes provisions for the protection of intellectual property rights, which can help to encourage collaboration and innovation in key sectors.

Another important aspect of the CEPA is its focus on investment. The agreement includes provisions for the protection and promotion of investment between India and Canada, providing greater certainty and security for businesses looking to invest in each other`s markets. This can help to encourage cross-border investment and promote economic growth.

The CEPA also includes provisions for the liberalization of services trade, which can be particularly beneficial for businesses in the information technology and professional services sectors. Under the agreement, businesses in these sectors will be able to provide services more easily across borders, opening up new opportunities for growth and expansion.

Overall, the India-Canada Comprehensive Economic Partnership Agreement is an important agreement that has the potential to significantly boost trade and investment between the two countries. By reducing barriers to trade and investment, the CEPA can help to create new opportunities for businesses, strengthen economic ties between India and Canada, and support sustainable economic growth.