India fast-tracks Canada FTA, GCC talks paused, says Piyush Goyal

New Delhi: India is accelerating negotiations for a proposed free trade agreement (FTA) with Canada and talks are ongoing with Chile and Peru though engagements with the six-nation Gulf Cooperation Council (GCC), have paused due to the West Asia conflict, commerce and industry minister Piyush Goyal said Tuesday at the At the World Intellectual Property Day celebrations.

Saudi Arabia, the UAE, Qatar, Kuwait, Oman and Bahrain, are members of the GCC. In February, India and the GCC started negotiations for a proposed FTA. Goyal will visit Canada next month to accelerate negotiations for the Comprehensive Economic Partnership Agreement (CEPA), the terms of reference for which were finalised last month.

Goyal also said that the government plans to waive fees related to intellectual property (IP) for sporting goods for three years, with a notification expected soon.

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