Regional and Bilateral Initiatives
Canada's Foreign Investment Protection and Promotion Agreements
(FIPAs)
Background on the Canada-India Foreign Investment Protection and
Promotion Agreement (FIPA)
Canada and India held their eighth round of FIPA negotiations in
New Delhi from March 5-7, 2007. The negotiations were extremely
positive, with progress being made in a number of areas. The parties
agreed to continue to work together to address the few remaining
unresolved issues, in the hope of concluding an agreement in the
near future.
A bilateral FIPA will provide greater predictability and certainty
for Canadian investors considering investment opportunities in India.
Canada’s objective in these negotiations is to secure a comprehensive,
high-quality agreement which will protect investors through the
establishment of a framework of legally binding rights and obligations,
while maintaining Canada’s ability to regulate in the public
interest.
The Canada-India investment relationship is relatively modest.
Canadian foreign direct investment (FDI) in India is valued at $200
million, while India’s FDI in Canada is currently estimated
at $145 million. However, India’s rapidly expanding economy
and the government’s continued commitment to liberalising
its investment regime will provide provides significant opportunities
for Canadian investors in a variety of sectors including financial
services, infrastructure, information technologies, life sciences
and natural resources.
Contact Point
If you have questions or comments about this initiative, we would
like to hear from you. Please contact:
Investment Trade Policy Division (TBI)
Department of Foreign Affairs and International Trade
Lester B. Pearson Building
125 promenade Sussex Drive
Ottawa, Ontario, K1A 0G2
Fax: 613-944-0757
E-mail : consultations@international.gc.ca
|
