A free trade agreement between India and Canada would boost bilateral trade by 50 per cent and increase the two-way merchandise trade to USD 15 billion over the next five-years, a senior Canadian Minister said.
"Canadians are excited about the prospect of a free trade agreement with India. Canadian businesses and investors have long called for closer ties to the Indian market place, which is one of the most exciting anywhere in the world," the Minister told reporters here today during his visit to the Bombay Stock Exchange (BSE).
He said that a free trade agreement would lead to a 50 per cent boost in bilateral trade between the two countries.
"Both the Governments have set a target of increasing the mutual bilateral merchandise trade to USD 15 billion in the next five years. A free trade agreement will help us get there," he said.
Last year, the bilateral merchandise trade reached close to USD 4.2 billion, he said.
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