Canada hopes to increase its trade-related cooperation with India by attempting to ink a free-trade agreement (FTA) and is also looking to participate in India’s ambitious road and railways expansion projects. The country’s Minister for Transport MARC GARNEAU, who is here with several of his colleagues and a delegation of Canadian companies to have a dialogue with Indian counterparts for a trade pact, told Pranav Mukul in an interview that the North American nation is looking for opportunities to find mutual cooperation where trade barriers could be lowered. Edited excerpts:
What is Canada hoping to achieve in its discussions this time with India on the FTA?
We hope to, at some point, have a trade agreement. But these are things that have to be discussed by the countries. We think there’s a lot more potential between two countries, whether it is in transportation, environmental technologies, aerospace, ICT, and any area where there may be an interest and Canadian expertise could be useful. At the moment, too, there’s a lot of commerce between the two countries. We sell you a lot of agricultural and food products, and fertilisers, and you sell us refined oil, medicines, diamonds. So, there are areas where we have a need from each other. Read More…
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