Must Watch! Canadian Prime Minister Mark Carney gives ‘Big update’ on India-Canada trade deal

[00:00:00]I believe Prime Minister Modi said that he looked forward to coming once the trade deal is done to launch these negotiations and our intention would be to complete them by the G20 this year.

[00:00:12]>> Canadian businesses, Canadian pension funds and others, we have a hundred billion dollars of investment already in India.

[00:00:19]>> You met with many leaders including the Indian Prime Minister Narendra Modi. Our sources at Y Media tell us that the Canada and India trade deal is 99% done.

[00:00:29]PM Modi mentioned that he will come to Canada this year. Will the trade agreement be signed when he comes to Canada?

[00:00:37]>> Uh well, actually it was I think uh I believe Prime Minister Modi said that he looked forward to coming once the trade deal is done. I think he said that in the in the media scrum. Certainly that is our collective understanding that we want to have the deal done. Uh and and and move from that platform forward for his visit to Canada. So, we're working hard. What we had said and I'll I'll finish here. What what we had said at the outset of the negotiations at the G7 last year is that we were going to launch these negotiations and our intention would be to complete them by the G20 this year which is in November. So, that gives you a sense of timing.

[00:01:22]Uh I I think you might have rounded up to say it's 99% done but we're making substantial progress and we had a good discussion on some of these issues. Uh the Prime Minister and I uh when we met.

[00:01:32]So, very constructive and it's moving forward and it's and it's important.

[00:01:35]It's an important opportunity uh for Canada. I would I would underscore I just make one point just to put this in in context. Uh >> Canadian businesses, Canadian pension funds and others, we have a hundred billion dollars of investment already in India. So, this is one of we are one of the largest foreign investors in India.

[00:01:52]We have one of the largest trade relationships or potential trade relationships better way to put it.

[00:01:58]Having the foreign investment uh protection agreement, FIFA, and then having this trade deal uh really will open up a new level of uh activity.