CII, Canadian council to analyse feasibility of FTA

New Delhi: The Confederation of Indian Industry (CII) and Canadian Council of Chief Executives have accorded to study feasibility of India-Canada Free Trade Agreement (FTA) at a meeting of the India-Canada CEOs Forum held in Montreal. The Foreign Investment Protection Agreement (FIFA), which is being discussed between India and Canada, is the first step towards FTA between the two countries. The two sides have set a aim of $20 billion bilateral trade and $5 billion bilateral investment flow. Mr Kamal Nath, Minister of Commerce and Industry, who addressed the forum, told CEOs that India and Canada must seize this opportunity to significantly increase two-way trade and investment flows.