The article talks about the Comprehensive Economic Partnership Agreement (CEPA)—a free trade agreement under negotiation—which is expected to boost Canada’s economy by $6

billion. For the year 2010—when most developed countries were struggling with economic turmoil—the economies of Canada and India grew by 3.2% and 9% respectively.  Both countries can see immense benefit through CEPA. Through this agreement, Canadian companies will gain access to a large and a growing Indian market for their products and manpower resource. On the other hand, Indian companies benefit through relaxed trade between the two countries. Canada and India expect to complete their negotiations for this agreement by 2013, after which it will have to be approved by the parliament.

1. Do you think this agreement decrease or increase Canada’s unemployment rate?
2.  What do you think are the sectors that Canada can benefit from, when the agreement comes in to effect?
3. Do you think the agreement will be more beneficial for Canada or India?

SOURCE: S. Okalow “Canada-India Free Trade Gathering Steam” Canadian Business (Retrievable online at http://www.canadianbusiness.com/article/42685)