India and Canada have been negotiating Bilateral Investment Promotion and Protection Agreement (BIPA) which had been inconclusive even after the 14th round of negotiations held in April, 2010. The negotiations are presently in abeyance in view of review of the model text of BIPA.

India and Canada formally launched Comprehensive Economic Partnership Agreement (CEPA) in November, 2010. Eight rounds of negotiations have taken place.

The India-Canada CEPA covers chapters on Trade in Goods, Trade in Services, Rules of Origin, Origin Procedures, Trade Remedies Customs and Trade Facilitation and Institutional Provisions.

The information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Rajya Sabha today.

Bilateral investment protection agreement negotiations paused while comprehensive economic partnership talks advance on trade and services. Negotiations on a Bilateral Investment Promotion and Protection Agreement with Canada are inconclusive and currently in abeyance pending review of the model BIPA text. Separately, India and Canada launched a Comprehensive Economic Partnership Agreement negotiation, with eight rounds conducted and text chapters covering Trade in Goods, Trade in Services, Rules of Origin, origin procedures, trade remedies, customs and trade facilitation, and institutional provisions.