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India to grant Canada requested pause in trade talks

Talks have been progressing rapidly after a 5-year hiatus
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High Commissioner of India to Canada Sanjay Kumar Verma speaks to reporters during an interview in Ottawa on Thursday, August 31, 2023. THE CANADIAN PRESS/ Patrick Doyle

India香蕉视频直播檚 envoy to Canada says Ottawa has tapped the brakes on trade negotiations, just before Prime Minister Justin Trudeau heads to New Delhi.

Indian High Commissioner Sanjay Kumar Verma said Ottawa sought a pause 香蕉视频直播渨ithin the last month香蕉视频直播 to ongoing talks for an Early Progress Trade Agreement.

香蕉视频直播淭he Canadian side has requested that, let香蕉视频直播檚 take a pause; let香蕉视频直播檚 see what can be done further, and then we香蕉视频直播檒l restart,香蕉视频直播 Verma said, in a wide-ranging interview ahead of next week香蕉视频直播檚 G20 summit in New Delhi.

香蕉视频直播淚香蕉视频直播檓 not sure what the reason is. But there is an honest request from the Canadian side, and we have no reason not to accept it.香蕉视频直播

Since March 2022, the two countries have been negotiating a deal that would be restricted to certain industries, instead of spanning the entire economy.

The talks follow a five-year hiatus. Both countries had entered negotiations in 2010 for a comprehensive deal, but they abandoned the plans in 2017.

Verma said there has been an intense pace of negotiations, which he says reflects the earnestness of both nations wanting closer economic ties.

香蕉视频直播淗aving 10 rounds in 13 months is a huge deal,香蕉视频直播 he said. 香蕉视频直播淪ometimes it progressed so fast that stakeholders were not able to imbibe the outcome.香蕉视频直播

Verma is a former trade negotiator. He said it香蕉视频直播檚 possible Ottawa sought time to better inform industry groups of the proposed deal.

香蕉视频直播淥ur understanding is that there needs to be 香蕉视频直播 now that we are coming closer to the end of the negotiations 香蕉视频直播 probably more consultations with the stakeholders,香蕉视频直播 he said, while stressing 香蕉视频直播渢hat香蕉视频直播檚 my conjecture.香蕉视频直播

Trade Minister Mary Ng and Global Affairs Canada have been asked to comment.

In May, Ng said it was 香蕉视频直播渘ot going to be years香蕉视频直播 by the time both sides sign a deal. Her comments came during a visit by her Indian counterpart, Commerce Minister Piyush Goyal.

At the time, the two issued a statement saying they seek 香蕉视频直播渆nhanced co-operation香蕉视频直播 in the fields of 香蕉视频直播渁gricultural goods, chemicals, green technologies, infrastructure, automotive, clean energy, electronics and minerals and metals.香蕉视频直播

Nadir Patel, Canada香蕉视频直播檚 former high commissioner to India, said in an interview that trade between the two countries will rise no matter what, but a trade deal would be a boost for both economies.

香蕉视频直播淚f you香蕉视频直播檙e a Canadian business leader, India is a place that you want to be,香蕉视频直播 said Patel, in an interview ahead of Verma香蕉视频直播檚 comments.

香蕉视频直播淭here香蕉视频直播檚 certainly a will on both sides to conclude a deal. But any deal has to be a win-win,香蕉视频直播 said Patel, a senior strategic adviser with Norton Rose Fulbright Canada.

Ng is set to visit India in October for a Canadian trade mission.

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