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International Trade committee  First, I would say that when Indians talk about their priorities in terms of economic development, they talk about food security, energy security, public sector infrastructure, and education. All of those are areas of tremendous Canadian strength, where we have a lot to offer and

November 27th, 2012Committee meeting

Don Stephenson

International Trade committee  The CEPA will not include investment protection. Investment protection is being dealt with in another negotiation on a foreign investment promotion and protection agreement, in which Canada would seek.... Canadas's standard model includes investor-state provisions, but that's not

November 27th, 2012Committee meeting

Don Stephenson

International Trade committee  Well, I don't want to take a misstep on someone else's negotiation. As I understand it, India is currently in a process of review of their model for foreign investment protection agreements, and that may have some bearing on our negotiation. As I said, I know that our standard

November 27th, 2012Committee meeting

Don Stephenson

International Trade committee  The first thing to say about vulnerability in a trade negotiation is that the outcome you're looking for is one that protects your interests and that you don't do a deal that puts you at risk. You are looking for win-win. With respect to the sectors that have expressed some sens

November 27th, 2012Committee meeting

Don Stephenson

International Trade committee  The trade in merchandise between Canada and India is roughly the same, roughly balanced. We have $5.2 billion worth of trade, and it's about fifty-fifty. With respect to the current account, I'm unsure, and we'll have to consult an economist to answer your question properly.

November 27th, 2012Committee meeting

Don Stephenson

International Trade committee  Thank you kindly, Mr. Chair. It is my pleasure to be here today to speak on the topic of the Canada-India Comprehensive Economic Partnership Agreement, or CEPA, negotiations. With me from the Department of Foreign Affairs and International Trade are Luc Santerre, Director of S

November 27th, 2012Committee meeting

Don Stephenson

International Trade committee  There is not a defined number of rounds left.

December 1st, 2011Committee meeting

Don Stephenson

International Trade committee  What we have agreed with India is that there would be rounds at roughly two-month intervals from here until the summer. Then we would take stock of our schedule. The Prime Minister, in the Speech from the Throne, instructed me to finish the negotiations by 2013--

December 1st, 2011Committee meeting

Don Stephenson

International Trade committee  --and that's my plan.

December 1st, 2011Committee meeting

Don Stephenson

International Trade committee  Well, it is historical, but it also has to do with the fact that India is a developing country and Canada is a developed country. Generally speaking, developed country tariffs have decreased considerably more than those of developing countries in multilateral trade negotiations,

December 1st, 2011Committee meeting

Don Stephenson

International Trade committee  I'm sorry. The two numbers were 0.5% of world population and 2.6% of world trade. The difference between the two numbers explains our high standard of living.

December 1st, 2011Committee meeting

Don Stephenson

International Trade committee  I don't know a lot about the program. As I understand it, it's administered by the Social Sciences and Humanities Research Council. There is an ongoing competition among Canadian universities for these funds. Because of my contacts with Canadian educational institutions in India—

December 1st, 2011Committee meeting

Don Stephenson

International Trade committee  I'm sorry, but we don't have a direct role in those discussions. The best I could do would be to ensure that a written brief comes to the committee.

December 1st, 2011Committee meeting

Don Stephenson

International Trade committee  I'll let Luc give you some information on investments that have been made or discussions that we're aware of. While the minister was in India three weeks ago, he heard about investment interests in Canada, particularly in potash, so I'll add that to Luc's list. With respect to

December 1st, 2011Committee meeting

Don Stephenson

International Trade committee  I'm going to deal with the smallest part of that question, and that is the potential for a Canada-India partnership in the nuclear field. I'll let Luc handle the rest. Canadian business interests have indicated that after the administrative arrangement is concluded with India th

December 1st, 2011Committee meeting

Don Stephenson