Canada, India Sign Agreements to Boost Energy, Economic Ties

(Bloomberg)

Canada and India signed agreements to enhance cooperation in energy and examine a free trade pact to boost economic ties between the two nations.

The accords were signed following talks between Canadian Prime Minister Stephen Harper and his Indian counterpart Manmohan Singh in New Delhi today.

India, which this year signed free trade pacts with the Association of Southeast Asian Nations and South Korea, is forging new alliances to diversify its export markets. The U.S., Europe and Japan account for 60 percent of India’s merchandise exports. Harper and Singh said they hope to increase bilateral trade to $15 billion a year within the next five years from about $5 billion now. Read more here.