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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

India91裸聊视频檚 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 91裸聊视频渨ithin the last month91裸聊视频 to ongoing talks for an Early Progress Trade Agreement.

91裸聊视频淭he Canadian side has requested that, let91裸聊视频檚 take a pause; let91裸聊视频檚 see what can be done further, and then we91裸聊视频檒l restart,91裸聊视频 Verma said, in a wide-ranging interview ahead of next week91裸聊视频檚 G20 summit in New Delhi.

91裸聊视频淚91裸聊视频檓 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.91裸聊视频

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.

91裸聊视频淗aving 10 rounds in 13 months is a huge deal,91裸聊视频 he said. 91裸聊视频淪ometimes it progressed so fast that stakeholders were not able to imbibe the outcome.91裸聊视频

Verma is a former trade negotiator. He said it91裸聊视频檚 possible Ottawa sought time to better inform industry groups of the proposed deal.

91裸聊视频淥ur understanding is that there needs to be 91裸聊视频 now that we are coming closer to the end of the negotiations 91裸聊视频 probably more consultations with the stakeholders,91裸聊视频 he said, while stressing 91裸聊视频渢hat91裸聊视频檚 my conjecture.91裸聊视频

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

In May, Ng said it was 91裸聊视频渘ot going to be years91裸聊视频 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 91裸聊视频渆nhanced co-operation91裸聊视频 in the fields of 91裸聊视频渁gricultural goods, chemicals, green technologies, infrastructure, automotive, clean energy, electronics and minerals and metals.91裸聊视频

Nadir Patel, Canada91裸聊视频檚 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.

91裸聊视频淚f you91裸聊视频檙e a Canadian business leader, India is a place that you want to be,91裸聊视频 said Patel, in an interview ahead of Verma91裸聊视频檚 comments.

91裸聊视频淭here91裸聊视频檚 certainly a will on both sides to conclude a deal. But any deal has to be a win-win,91裸聊视频 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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