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India has been one of Canada’s fastest-growing major trade partners in the region, with bilateral goods trade increasing 68 per cent over the past 10 years
Photo Credit : Mary Ng/Twitter
Canada’s Minister of International Trade, Export Promotion, Mary Ng will start her India tour on Thursday to discuss trade and investment with her Indian government partners, including Union Minister Piyush Goyal.
According to the official statement, Ng will participate in the Canada-India Ministerial Dialogue on Trade and Investment, hosted by Goyal, where they will discuss ways to further enhance the strong Canada-India bilateral trade relationship.
In the lead-up to her visit, the Deputy High Commissioner for Canada in India Amanda Strohan said, “India is a major economy in the Indo-Pacific region and continues to be an important part of Canada’s progressive trade agenda."
Strohan added that we look forward to engaging with our Indian counterparts to discuss our next steps in enhancing trade and investment policies that promote an open, transparent, and predictable trading environment between Canada and India.
India has been one of Canada’s fastest-growing major trade partners in the region, with bilateral goods trade increasing 68 per cent over the past 10 years.
In 2020, Canadian direct investment in India amounted to USD 2 billion. Canadian portfolio investment in India is estimated to have grown more than 50 per cent of over the past five years, reaching about USD 27 billion.
Key sectors of opportunity in India for Canadian exporters include agriculture and agri-food, cleantech, digital industries, infrastructure, life sciences and automotive.