Canada, India Redoubling Trade Talk Efforts
(Tax-News – Mike Godfrey)
With Canada and India hoping to conclude a trade agreement by 2013, Canada’s Minister of International Trade has said that growing bilateral trade between the two countries is fuelled by ‘strong people-to-people ties’.
Speaking at the Brand India Expo 2012 in Ottawa, Ed Fast said that “since leading a trade mission to India last November, I am more convinced than ever that the growing Canada-India trade and investment relationship will benefit hardworking Canadians and Indians alike.” He added that: “With more than a million Canadians of Indian origin, our growing trade relationship shows how our people-to-people ties are helping us to deepen the Canada-India relationship.”
During his speech, Fast pointed to a more than 22% growth in bilateral merchandise trade in 2011, worth CAD5.1bn. Included in this figure was what Fast called an astonishing 332% year-on-year increase in aircraft sales. Read more here.
Date: March 19, 2012