Thank you.
The financial services, the legal services, and professional services segments of the market are essentially regulated. There are lots of hindrances to Canadian companies entering those markets in a bigger way. Therefore CEPA and FIPA and other agreements would definitely help.
Within the services sector, India, as well as Canada, both have similar strength in ICT, information and communications technology. India, in terms of its services sector, has made huge progress and is able to create and provide software for companies globally. Similarly, Canada has a good track record in growing and nurturing a number of small companies that have produced very high quality software that is used in the global market.
These segments are not necessarily regulated, but both of these segments require their own unique support. Both countries realize that they have to build an entrepreneurial ecosystem and grow and nurture entrepreneurial ecosystems where companies with ideas in that innovative segment of the economy can thrive. Even though they are not regulated, there needs to be a much higher degree of cooperation between India and Canada in this sector.