A little less conversation, a little more action, please, on Canada-India trade
Business leaders in both countries have been pushing for a deal for almost two decades. So, after more than 13 years of on-and-off free trade talks, it’s clear that a firm deadline is needed to get the job done.
Here’s the uncomfortable truth. Canada needs India more than ever – both as a strategic ally and a trading partner in the Indo-Pacific region. Setting the backdrop for Indian Commerce and Industry Minister Piyush Goyal’s visit to Canada this week was an escalating row between Ottawa and Beijing. Not only have these geopolitical realities weakened Canada’s bargaining position with India, the South Asian country has a lot more leverage of its own these days. India recently signed trade deals with Australia and the United Arab Emirates, and it is also aiming toCanada-India bilateral trade is worth roughly $15-billion. It’s a paltry amount given the total amount of trade conducted by each country.
Now consider this: When it comes to trade in goods alone, Canadian exports to China were worth $28.6-billion in 2021, while Chinese imports were worth $57.2-billion, according to federal data. India, meanwhile, didn’t even make our list of top 10 trading partners that year.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
India and Canada aim to seal trade pact this yearCanada and India are seeking to increase their trade and expand investment while setting out a mechanism to deal with disputes
Read more »
Amid Canada’s drama with China, India enters stage left to talk a little trade …After more than a decade of trying to reach a comprehensive trade agreement, India and Canada’s trade ministers scale back ambitions in a bid to nail down an pact.
Read more »
Opinion | Generous and dedicated Gord Lightfoot captured the soul of CanadaOpinion: Generous and dedicated Gord Lightfoot captured the soul of Canada. Lightfoot was unabashedly Canadian. He defined Canada to a generation of young Canadians and indeed to the world without bravado or American hyperbole.
Read more »
Opinion: The diplomatic expulsions could provide a welcome reset of Canada’s relationship with ChinaThese tumultuous times can serve as an opportunity for Canada to better protect its interests and values
Read more »
Opinion: Let’s get real about Canada’s lack of investment in R&DCanada’s apathy toward investing in research and development laid out in new data from Statscan
Read more »