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ARTICLE · 22 MAY 2009

Canada And India Explore A Comprehensive Economic Partnership Agreement

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Earlier this year, Canada’s Minister of International Trade, Stockwell Day, and Mr. Kamal Nath, India’s Minister of Commerce and Industry, jointly announced the agreement of both countries to initiate exploratory discussions aimed at creating a comprehensive economic partnership agreement (CEPA).

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Copyright 2009, Blake, Cassels & Graydon LLP

Originally published in Blakes Bulletin on International Trade & Investment, May 2009

LAUNCH OF EXPLORATORY TALKS

Earlier this year, Canada's Minister of International Trade, Stockwell Day, and Mr. Kamal Nath, India's Minister of Commerce and Industry, jointly announced the agreement of both countries to initiate exploratory discussions aimed at creating a comprehensive economic partnership agreement (CEPA). With the recent high-profile investments by Indian companies in Canada include the acquisition of Algoma Steel by Essar and the acquisition of Novelis by Hindalco, the announcement is timely. Minister Day stated that these talks responded to the recommendations made by the Canada-India CEO Roundtable in its September 2008 report, suggested objectives for both countries to pursue in a free trade agreement, and urged both the Canadian and Indian prime ministers to endorse the launch of negotiations for such an

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