India And Canada agree to increase discussions on movement of skilled professionals
India and Canada have decided to conduct more in-depth discussions about skilled worker and student mobility because these groups are vital to fostering closer economic relations between the two nations.
a joint statement from Canadian Minister of International Trade, Export Promotion, Small Business, and Economic Development Mary Ng and Indian Minister of Commerce and Industry Piyush Goyal. Each of the two presidents highlighted the significance of a thorough trade agreement.
The two nations began talking again in 2022 about a Comprehensive Economic Partnership Agreement (CEPA). In order to achieve that goal, negotiations for an Early Progress Trade Agreement (EPTA), which would serve as a preliminary step towards the CEPA, have been ongoing.
The high level commitments in commodities, services, investment, rules of origin, sanitary and phytosanitary measures, technical trade obstacles, and dispute resolution would all be covered by the EPTA, among other things.
As part of the Ministerial Dialogue on Trade and Investment between India and Canada, both ministers get together. Goyal travelled to Canada for this conference.
“The ministers emphasised the huge movement of students, business travellers, professionals, and skilled employees between the two nations, and its enormous contribution to strengthening the bilateral economic partnership. Additionally, they took notice of the need for more in-depth conversations on migration and mobility in this context, according to the statement.
Both parties agreed to keep talking about how to deepen and improve the bilateral innovation ecosystem using a suitable framework that has yet to be decided.
In order to ensure resilient essential mineral supply chains, the ministers recognised that government-to-government coordination is crucial when it comes to enhancing collaboration in this sector.
They also pledged to an annual interaction at the official level on the sidelines of the Prospectors and Developers Association Conference in Toronto and agreed to investigate alternatives for business-to-business engagement on vital minerals between the two nations.