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With reference to the India-Canada relations, consider the following statements:
1. India-Canada Bilateral Center will be set up for dedicated science and technology activities between the two countries.
2. Both countries signed India-Canada Comprehensive Economic Partnership Agreement (CEPA).
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
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With reference to the India-Canada relations, consider the following s...
India-Canada Relations:
1. India-Canada Bilateral Center:
- The first statement is correct. India and Canada have agreed to establish an India-Canada Bilateral Center for Science and Technology Cooperation. This center will serve as a platform for fostering collaboration and innovation in the field of science and technology between the two countries.
- The center will facilitate joint research projects, capacity building, and knowledge sharing in areas of mutual interest such as clean energy, biotechnology, artificial intelligence, and space technology.
- The establishment of this center reflects the commitment of both countries to strengthen their bilateral cooperation in the field of science and technology.
2. India-Canada Comprehensive Economic Partnership Agreement (CEPA):
- The second statement is incorrect. India and Canada have not signed a Comprehensive Economic Partnership Agreement (CEPA) as of now.
- However, both countries have been engaged in negotiations to enhance their economic cooperation. There have been discussions on a potential trade agreement to address trade and investment barriers and promote bilateral trade between India and Canada.
- The negotiations for a CEPA are aimed at creating a framework for deeper economic engagement and addressing issues related to market access, tariffs, non-tariff barriers, and investment facilitation.
- A comprehensive trade agreement between India and Canada could be beneficial for both countries, as it would provide a platform for increased trade and investment flows, promote business linkages, and boost economic growth.
Conclusion:
- In conclusion, the correct statement is 1 only. India and Canada have agreed to establish an India-Canada Bilateral Center for Science and Technology Cooperation, but they have not signed a Comprehensive Economic Partnership Agreement (CEPA) yet.
1. India-Canada Bilateral Center:
- The first statement is correct. India and Canada have agreed to establish an India-Canada Bilateral Center for Science and Technology Cooperation. This center will serve as a platform for fostering collaboration and innovation in the field of science and technology between the two countries.
- The center will facilitate joint research projects, capacity building, and knowledge sharing in areas of mutual interest such as clean energy, biotechnology, artificial intelligence, and space technology.
- The establishment of this center reflects the commitment of both countries to strengthen their bilateral cooperation in the field of science and technology.
2. India-Canada Comprehensive Economic Partnership Agreement (CEPA):
- The second statement is incorrect. India and Canada have not signed a Comprehensive Economic Partnership Agreement (CEPA) as of now.
- However, both countries have been engaged in negotiations to enhance their economic cooperation. There have been discussions on a potential trade agreement to address trade and investment barriers and promote bilateral trade between India and Canada.
- The negotiations for a CEPA are aimed at creating a framework for deeper economic engagement and addressing issues related to market access, tariffs, non-tariff barriers, and investment facilitation.
- A comprehensive trade agreement between India and Canada could be beneficial for both countries, as it would provide a platform for increased trade and investment flows, promote business linkages, and boost economic growth.
Conclusion:
- In conclusion, the correct statement is 1 only. India and Canada have agreed to establish an India-Canada Bilateral Center for Science and Technology Cooperation, but they have not signed a Comprehensive Economic Partnership Agreement (CEPA) yet.
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With reference to the India-Canada relations, consider the following statements:1. India-Canada Bilateral Center will be set up for dedicated science and technology activities between the two countries.2. Both countries signed India-Canada Comprehensive Economic Partnership Agreement (CEPA).Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
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