India and Canada today announced that they will formally launch negotiations on a bilateral free trade agreement as Prime Minister Manmohan Singh and his Canadian counterpart Stephen Harper met here and decided to take their ties to a new level. Meeting on the sidelines of the fifth G-20 Summit here, Singh and Harper also discussed the entire gamut of bilateral ties, which have seen a significant development in the past couple of years."The free trade agreement would be of enormous benefit for both the countries, particularly for the Indo-Canadian business community," Harper said after the meeting. Describing the decision to launch negotiations for the pact as a "key milestone" in bilateral relationship, Harper said it demonstrates the increasing cooperation between the two countries.
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