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NEWS: Canada-India CEPA talks announced

The Toronto Star reports that, “Canada is officially opening free-trade negotiations with India, one of the world’s fastest-growing economies.”

“Negotiations to establish the Comprehensive Economic Partnership Agreement will begin in a few days, federal officials said.”

“A free-trade pact with India would increase sales of a Canadian exports sectors such as forest products, minerals, manufactured goods, agricultural products, fish and seafood products, machinery, construction materials, aerospace and environmental technologies, the federal government said.”

“The Harper government cited a Canada-India joint study that estimated that an agreement could increase economic output in each country by approximately $6 billion a year and increase two-way trade by 50 per cent.”

“Prime Minister Stephen Harper announced the opening of talks after meeting with Prime Minister Manmohan Singh of India during a break in the G20 summit in South Korea.”

We will be developing analysis on the implications of this soon.

The full article is at http://www.thestar.com/NEWS/article/889643.