July 9, 2014 — MUMBAI — Chris Alexander – (Canada’s Citizenship and Immigration Minister), and the Federation of Indian Chambers of Commerce and Industry (FICCI) celebrated the coming into force of the Canada India Audiovisual Co-production Treaty.

The Treaty which was announced and enforced on 1st July 2014 will not only keep Canada on the leading edge but it will also help in creating more jobs and economic growth in both countries. This Treaty will allow produces to combine their creative, technical and financial resources to create audiovisual co-productions between both the nations.

Television and Film industry will get the best business opportunities and also generate the employment for Canadians audiovisual co-productions that may not have been made otherwise. This treaty will significantly increase the job opportunities, economic growth, and long-term prosperity in Canada as it will attract bigger and better foreign investments.

Quick Facts

Canada has produced close to 700 audiovisual treaty co-productions, with total production budgets of approximately $5 billion in the past 10 years.

In 2012–13, along with generating 127,700 job opportunities Canadian audiovisual sector contributed $5.8 billion to the Canadian economy.

Chris Alexander(Canadian Citizenship and Immigration Minister) said “In celebrating the Canada-India Audiovisual Co-production Treaty, we look forward to a deeper level of engagement between our respective audiovisual sectors, greater cultural and economic benefits to both countries and increased access to audiences worldwide.”

Honorable Shelly Glover(Minister of Canadian Heritage and Official Languages) said “Our Government has actively set out to make Canada a co-production partner of choice and an even better place to do business. We have good reasons to be celebrating today as the Treaty between Canada and India is the very first to come in effect since the implementation of Canada’s Policy on Audiovisual Treaty Co-production in 2013″.

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