As Canada and India are scheduled to hold the seventh round of Comprehensive Economic Partnership Agreement (CEPA) talks next week, a spokesperson for the Government of Canada says that the country expects to increase 40,000 new jobs from the CEPA talks with the Indian government.
In an email to the International Business Times, Canadian government's spokesperson Jennifer Chiu said that the county could boost its economy at least by $6 billion from the trade agreements with New Delhi.
From the almost 40,000 new jobs, the annual income of average Canadian family would increase by $500, Jennifer Chiu said.
Saying Canada had identified core economic opportunities in India in the field of energy, agriculture, infrastructure and education, the spokesperson said that the CEPA negotiations remained a key priority in the Government of Canada's international trade agenda.
Canada expected to conclude negotiations with India by the end of 2013, said Jennifer.
The spokesperson also noted that the upcoming CEPA talks scheduled for Tuesday and Wednesday would reduce tariffs on goods and liberalize trade between the two countries.
However, the spokeswoman did not mention anything about India's demand to liberalize the visa procedures. India says the visa laws are substantially discouraging the influx of genuine Indian investors, professionals and businesses to Canada.
When the Indian High Commissioner in Canada, Nirmal Verma, last Tuesday asked the Canadian government to liberalize the visa procedures, he signaled environmental and visa issues would be discussed during the upcoming bilateral talks between the two countries.
Verma's request went into the headlines of the Indian media as well as many of the international media this week, but the Canadian government has not yet responded to India's call for the visa procedure.
Canadian Prime Minister Stephen Harper along with his wife made a six-day trip to India last November.
According to the Business Standard, Indian Finance Minister P. Chidambaram is likely to visit Canada this April.
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