Pakistan and Canada have successfully completed the first round of negotiations for the Foreign Investment Promotion and Protection Agreement (FIPA), marking an important milestone in boosting bilateral trade and investment relations. The development reflects both countries’ commitment to fostering a transparent and secure investment climate that encourages sustainable economic growth.
According to the official statement, Senator Mohammad Ishaq Dar, Deputy Prime Minister and Foreign Minister of Pakistan, and The Honourable Anita Anand, Minister of Foreign Affairs of Canada, held a productive bilateral call on October 30. During the discussion, both sides reaffirmed their long-standing diplomatic and economic ties while agreeing to deepen cooperation in key areas of mutual interest.
One of the major outcomes of the meeting was the agreement to facilitate the export of Canadian canola to Pakistan, recognizing the country’s growing market potential for this important Canadian agricultural product.
The first round of FIPA negotiations was led by the Honourable Qaiser Ahmed Sheikh, Federal Minister for Investment of Pakistan, and the Honourable Maninder Sidhu, Minister of International Trade of Canada. The agreement aims to attract foreign investment by ensuring legal protection and creating a more stable investment framework for businesses in both countries.
In addition to trade and investment, both sides expressed strong interest in enhancing cooperation on energy security and the development of critical minerals. Canada’s advanced expertise in mining and clean energy was acknowledged as a key factor in helping Pakistan achieve its mineral exploration and renewable energy goals.
The Ministers also discussed the upcoming 6th round of bilateral consultations, which will serve as an important platform to advance shared objectives, strengthen public and private sector partnerships, and explore new areas for strategic collaboration.
Pakistan and Canada reaffirmed their commitment to promoting peace, prosperity, and inclusive growth—both through bilateral engagement and in cooperation on global platforms.
