India and Canada will review India-Canada CEPA (Comprehensive Economic Partnership Agreement) negotiations.
At the last MDTI meeting in March 2022, both Ministers launched the CEPA negotiations with the possibility to have an interim agreement or EPTA (Early Progress Trade Agreement). Since then, seven rounds of negotiations have been held.
Union Minister of Commerce & Industry, and Textiles, Piyush Goyal is in Canada and along with Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development, Government of Canada, he will co-chair the discussions for the sixth India – Canada Ministerial Dialogue on Trade and Investment (MDTI) in Ottawa.
MDTI is a bilateral mechanism that provides an institutional mechanism to discuss a broad spectrum of trade and investment-related issues and cooperation areas.
The dialogue will focus on various themes including strengthening the Bilateral Trade Relationship between India and Canada, Investment Promotion and Cooperation, Green Transition – including new areas of Cooperation such as promoting B2B engagements.
Given below data shows that India’s apparel and textile products’ export to Canada has huge potential and with the CEPA, it can grow well.
| S. No. | HS Code | Commodity | 2020-21 | 2021-22 | % Growth |
| 1 | 61 | Knitted Apparels | 99.84 | 160.23 | 60.48 |
| 2 | 62 | Woven Apparels | 71.73 | 97.21 | 35.52 |
| 3 | 57 | Carpets, other textile floor coverings. | 29.83 | 41.73 | 39.31 |
| 4 | 54 | Man-made filaments | 19.68 | 25.46 | 29.39 |
| 5 | 63 | Other made up textile articles; sets; worn clothing and worn textile articles; rags | 142.22 | 194.34 | 36.64 |
