Perturbed
Forum Super Elite
Posts: 2599
Posted: Wed Apr 06, 2005 9:47 pm
[QUOTE BY= FootPrints] India, Canada to seal foreign investment pact by '05-end<br />
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TIMES NEWS NETWORK[ TUESDAY, APRIL 05, 2005 02:59:26 AM] <br />
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MUMBAI: India and Canada are in discussions to finalise a Foreign Investment Protection Agreement (FIPA), designed to promote and protect foreign investment. <br />
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The two countries are expected to sign it by ’05-end, according to Canadian trade minister James Peterson, who is currently on a visit to India. <br />
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He said FIPA would provide a transparent, stable and predictable legal framework for both countries to protect investors. <br />
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“These are important to both India and Canada because it can encourage investors in both countries and provide greater security to them.” <br />
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Currently, bilateral trade, at CAD 2.5bn, is low compared to the huge potential. “Canada has now identified farming, finance, infrastructure, energy and information technology as thrust areas for growth for economic relations with India,” said Mr Peterson, adding that bilateral trade could be doubled in a few years. <br />
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The minister said he is also in favour of an open sky policy with India. “Currently, Air Canada is the only airlines flies directly. We would welcome Air India to operate direct flights,” he said. <br />
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<a href="http://economictimes.indiatimes.com/articleshow/1068808.cms">continued here</a><br />
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Thanks so much for sharing. <br />
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Sounds great, we send energy and resources and jobs to India, we get cheap crap in return while we sit at home unemployed. <img align=absmiddle src='images/smilies/mad.gif' alt='Angry'>
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