India, Canada agree to strengthen business ties

January 21st, 2009 - 5:04 pm ICT by IANS  

New Delhi, Jan 21 (IANS) India and Canada have decided to strengthen business and trade ties that will open fresh opportunities “for our respective business communities”, Commerce and Industry Minister Kamal Nath said Wednesday after holding talks with Canada’s Minister for the Asia-Pacific Gateway Stockwell Day here. The two leaders also agreed to take forward talks for the proposed comprehensive economic partnership agreement.

Both sides have stressed the need to strengthen investment in sectors like infrastructure, agriculture and Industrial goods.

During the talks, Kamal Nath said there has to be greater engagement between small and medium enterprises of the two countries. He said India was committed to taking the economic partnership forward.

“The steps taken today will ensure we move towards opening doors for our respective business communities,” the minister said.

On the other hand, Day agreed that it was the right time for both countries to begin talks on the possible parameters of a comprehensive trade agreement.

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