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INDIA, CANADA COMMITTED TO DEEPEN FINANCIAL TIES 

TORONTO (PTI) India and Canada are committed to deepen the economic and financial relationship and enhance strategic par tnership, Finance Minister Arun Jaitley has said as he invited Canadian investment in India’s infrastructure sector.”Both countries are committed to strengthen economic ties as there is a positive environment. Negotiators from both countries will meet soon to resolve sticking points,” he said. He also said Finance Minister Arun Jaitley has expressed confidence that any economic impact arising from recent tensions with Pakistan and incidents like the surgical strikes under taken by Indian special forces will be “extremely marginal.” Jaitley met his Canadian counterpart Bill Morneau and Canada’s International Trade Minister Chrystia Freeland and reviewed progress in India Canada relationship including proposed Comprehensive Economic Par tnership Agreement (CEPA) and Foreign Investment and Promotion and Protection Agreement (FIPA). “Both countries are very keen to finalise both the proposed agreements,” Jaitley said. He said that the two countries have also agreed to enhance strategic par tnership. Finance Minister
Morneau in a statement said: “I am pleased to build on Canada’s longstanding relationship with India by exploring ways to deepen our economic and financial ties. It is impor tant that Canada continues to engage with the world to create more oppor tunities and prosperity for the middle class.” The two ministers will travel to the US later this week to attend the Annual Meetings of the International Monetary Fund and World Bank Group as well as a G20 meeting. Building on this strong relationship, Morneau highlighted the Canada-India Finance Ministers Dialogue as an impor tant initiative to deepen the economic and financial relationship between the two
countries

 

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