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Wednesday, October 4, 2023

Canadian trade mission to visit India in October | World News


International Trade, Export Promotion, Small Business and Economic Development Minister Mary U will lead a five-day trade mission to India this October as Canada seeks to deepen its economic engagement with India.

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In a statement, she said she would lead a Canadian trade mission to India from Oct. 9-13, followed by Japan in late October.

“Join me in these incredible opportunities to gain access to the fastest growing region in the world – the Indo-Pacific,” she said.

The Trade Commissioner’s Service (TCS) said Mumbai had been confirmed as the site of the visit but other cities may also be added, which has sparked interest in the visit.

“India is a priority market with enormous potential for growth and success for Canadian companies of all sizes. To build strong people-to-people ties, the Government of Canada is creating the conditions to facilitate greater business ties, including through early progress trade Negotiation of an agreement,” the event description states.

The proposed trade mission was first announced by Andrew Ng at an event organized by the Canada-India Business Council in Toronto this past May. She did so in the presence of Commerce and Industry Minister Piyush Goyal, who was on a bilateral visit to Canada at the time.

Responding to the news, Hemant Shah, trade director of Friends of India Overseas Canada (OFIC) in Winnipeg, said: “With India’s booming Open the door. It will show the Canadian government’s commitment to the Indian government and Indian industry.”

Ng is likely to meet Goyal during his October visit. But before that, Ng will travel to India for a meeting of G20 trade ministers in Jaipur, where a bilateral dialogue is expected to take place.

They are expected to continue discussing EPTA on the sidelines of multilateral events.

Several focus areas were identified during the visit. These include agricultural and processed food, arts and cultural industries, clean technology, industrial machinery, information and communication technology, infrastructure and life sciences. “We anticipate high demand for participation in this mission,” the notice said.


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