India and Canada aim at achieving a bilateral trade target of $15 billion in the next five years, even as both countries are beginning a series of negotiations to have a Comprehensive Economic Partnership Agreement (CEPA) soon that would yield significant economic benefit for both countries and lower tariffs over a large number of products, says Peter Van Loan, Minister of International Trade, Canada.
Even as India and China give final touches to a joint study group report on enhancing trade ties, the domestic industry, especially the electronics sector, is facing an unprecedented threat from Chinese imports.
The two-day meeting between officials of the investigative agencies is being held under the auspices of the joint study group formed by both the countries during the Interior Secretaries meeting held in Islamabad last year.
India and Australia are soon likely to initiate talks for a free trade agreement.
Pakistan plans to import 100 more items from India from the next fiscal.
India and Russia will set up a joint task force to boost bilateral trade to a level of $10 billion by 2010 from the present $2billion, a senior official of the Indian government has said.
India said on Tuesday that the first step towards expanding bilateral trade with Pakistan was to exploit the complementarities between the two economies and to remove existing bottlenecks.
Buoyed by a 54 per cent growth in trade at $7.6 billion, India and China have decided to work out 5-year programme to enhance economic cooperation including a free-trade agreement.
The 13-page joint statement issued after Prime Minister Manmohan Singh's annual summit with Russian President Vladimir Putin shows the breadth and depth of relations between the two countries and the trust factor that has been constant element behind it.
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