India & Canada wish to relaunch CEPA negotiations. Read this article for current trade scenario & opportunities between the two countries.
Goods | Unit of Measurement | Most Favored Nation (MFN) Tariff | Applicable Preferential Tariff |
Chocolate, spices, coffee/coffee extracts, plants/ parts of plants, cereals or bakers' wares (provided any added substance is not used for replacing, in whole or in part, any milk constituent, & the product retains the essential character of yogurt, not put up for retail sale) | KGM | 6.5% | Free |
Potatoes, fresh or chilled (seeds) | KGM | USD 4.94/tonne | Free |
Mushrooms & truffles | KGM | Free | Free |
Dates, figs, pineapples, avocados, guavas, mangoes & mangosteens (fresh and dried) | KGM | FREE | FREE |
Wheat & meslin – seed (within access commitment) | TNE | USD 1.90/tonne | FREE |
Wheat & meslin – seed (over access commitment) | TNE | 49% | FREE |
Goods | Unit of Measurement | Most Favored Nation (MFN) Tariff | Applicable Preferential Tariff |
Siliceous fossil meals (e.g., kieselguhr, tripolite & diatomite); similar siliceous earths, whether or not calcined, of an apparent specific gravity of 1 or less. | KGM | FREE | FREE |
Emery, natural corundum, natural garnet & other natural abrasives | KGM | FREE | FREE |
Granite, porphyry, basalt, sandstone & other monumental or building stone, whether or not roughly trimmed or merely cut, by sawing or otherwise, into blocks or slabs of a rectangular (including square) shape. | TNE | FREE | FREE |
Marble & travertine | TNE | FREE | FREE |
Ecaussine & other calcareous monumental or building stone; alabaster | TNE | FREE | FREE |
Goods | Unit of Measurement | Most Favored Nation (MFN) Tariff | Applicable Preferential Tariff |
Corrosion resistant coatings specificallyformulated for use in the manufacture of mirrors, semiconductor devices. | LTR | FREE | FREE |
Varnishes (including lacquers), paints (including enamels) | LTR | 6.5% | 3% |
Outboard motors | NBM | FREE | FREE |
Reciprocating piston engines of a kind used for propulsion of vehicles:
|
NBM NBM NBM | FREE FREE FREE | FREE FREE FREE |
Powered by electric motor; chain hoists. | NBM | FREE | FREE |
Jacks; hoists of a kind used for raising vehicles; other jacks & hoists, hydraulic. | NBM | FREE | FREE |
Goods | Unit of Measurement | Most Favored Nation (MFN) Tariff | Applicable Preferential Tariff |
Optical fibres, optical fibre bundles & cables | MTR | FREE | FREE |
Other instruments & apparatus, specially designed for telecommunications (e.g., cross-talk meters, gain measuringinstruments, distortion factor meters, psophometers) | - | FREE | FREE |
Goods | Unit of Measurement | Most Favored Nation (MFN) Tariff | Applicable Preferential Tariff |
Photographic plates & film in the flat, sensitized, unexposed, of any material other than paper, paperboard or textiles; instant print film in the flat, sensitized, unexposed, whether or not in packs (instant print film) | NMB | 6.5% | FREE |
Other film, without perforations, of a width exceeding 105 mm; of a width exceeding 610 mm and of a length exceeding 200 m, for colour photography (polychrome) | MTK | 6.5% | FREE |
Pickling preparations for metal surfaces; fluxes & other auxiliary preparations for soldering, brazing or welding; soldering, brazing or welding powders & pastes consisting of metal & other materials; preparations of a kind used as cores or coatings for welding electrodes or rods. | KGM | FREE | FREE |
Preparations & charges for fire-extinguishers; charged fire-extinguishing grenades. | KGM | FREE | FREE |
Chemical elements doped for use in electronics, in the form of discs, wafers or similar forms; chemical compounds doped for use in electronics. | KGM | FREE | FREE |
Safety fuses; detonating cords; percussion or detonating caps; igniters; electric detonators. | - | 6.5% | FREE |
Business between India and Canada has been robust over the years. As mentioned before, two-way foreign direct investment is now at USD 5 billion, while portfolio investment is approaching USD 65 billion from public sources. Further, more than 400 Canadian companies have a presence in India, and more than 1,000 companies are actively pursuing business in the Indian market. Indian companies in Canada are active in the fields of Information Technology, software, steel, natural resources, and banking sectors. Under these circumstances, an FTA will boost trade significantly between the two countries.
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