India, Feb. 19 -- India and Canada are expected to finalise terms of reference for initiating talks for a free trade agreement (FTA) during the visit of Canadian Prime Minister Mark Carney to India next month, an official said.The terms of reference (ToR) outline the scope and modalities of a proposed trade pact.
The two countries were earlier negotiating a trade pact but it was paused by Canada in 2023. Now they have decided to resume talks from the beginning as a lot has changed on the global trade front during these two years.The official said that the two sides are engaged in finalising the ToR for a mutually beneficial trade agreement."It is likely to be finalised during the visit of the Canada's prime minister," the official added....
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