Regional and Bilateral Initiatives
Canada's Foreign Investment Protection and Promotion Agreements
(FIPAs)
Background on the Canada-India Foreign Investment Protection Agreement
(FIPA)
Canada and India are at early stages of negotiations for a FIPA.
A FIPA with India would provide greater certainty for Canadian
firms with investments in India. Existing Canadian investment is
primarily in three sectors - financial services, electrical power,
and information technologies
While Canadian investment in India is currently modest ($184 million
in 2003 according to StatsCan), the potential for growth is large.
A high-standard FIPA with India will help achieve this potential
by improving investor confidence in the country.
As for inward investment, Indian investors are increasingly interested
in Canada as an investment destination. There has been a rapid increase
in Indian investment in Canada, mostly in the areas of software
development and life sciences. India FDI in Canada increased from
Cdn$ 18 million in 1999 to Cdn$ 33 million in 2002 and to Cdn$ 62
million in 2003.
Contact Point
If you have questions or comments about this initiative, we would
like to hear from you. Please contact:
Investment Trade Policy Division (EBI)
Department of Foreign Affairs and International Trade (International
Trade)
Lester B. Pearson Building
125 promenade Sussex Drive
Ottawa, Ontario, K1A 0G2
Fax: 613-944-0757
E-mail : consultations@international.gc.ca
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