way foreign investment and would stimulate trade and investment with India, he said. The agreement is intended to protect foreign investments against exportation or nationalisation, and improve access for Canadian firms in a rapidly growing Indian market, he said. "We have both agreed Canada and India have an enormous amount of economic and commercial potential," Emerson said. He dismissed concerns that the deal would jeopardize the Canadian job market. Indian investment would help Canadian economy and bring more jobs to Canada, he said. In 2006, direct investment between Canada and India reached USD 528 million. Two-way trade grew to a record level of USD 3.6 billion, Emerson said.
