SME Times is powered by   
Search News
Just in:   • EAM Jaishankar dials counterparts in Asia and Europe, discusses strikes on Pak-based terror camps  • Iran rejects report of proposing direct talks with US  • Singapore issues travel advisory asking citizens to avoid J&K, Pak  • US: Two injured, suspect dead after shooting at Florida pharmacy store  • 430 flights cancelled, 27 airports to remain shut till May 10 
Last updated: 11 May, 2023  

India.Canada.9.Thmb.jpg India, Canada agree to enhance cooperation for investment promotion, info exchange

India.Canada.9.jpg
   Top Stories
» Sensex, Nifty open nearly flat as geopolitical tensions continue
» Sensex, Nifty gain in early trade as India carries out ‘Operation Sindoor’
» India, UK finalised free trade deal, says PM Modi
» Moody’s pegs India’s GDP growth at 6.3 per cent for 2025
» Nifty, Sensex open higher; Adani Ports among top gainers
IANS | 10 May, 2023
India and Canada have agreed to enhance cooperation for coordinated investment promotion and information exchange.

This was finalised after both the countries concluded the 6th India-Canada Ministerial Dialogue on Trade and Investment in Ottawa on Monday.

Union Commerce minister Piyush Goyal and Canadian Minister for International Trade Mary Ng concluded the negotiations for their respective countries.

Ng announced that she would lead a Canadian trade mission to India in October.

This will present an opportunity to further the trade and investment ties between the two countries as she is likely to bring a big business delegation for the same.

India-Canada bilateral trade in goods reached about $8.2 billion in 2022, registering about 25 per cent growth compared to 2021.

The two ministers also underlined the contribution of the services sector in furthering the bilateral relationship and noted the significant potential for increasing bilateral services trade which stood at about $6.6 billion in 2022.

They emphasised on enhancing cooperation in sectors such as clean technologies for infrastructure development, critical minerals, electric vehicles and batteries, renewable energy and hydrogen, as well as Artificial Intelligence.

Both the ministers asked their officials to discuss trade remedies issues of bilateral importance on a regular basis.

The two sides agreed to explore enhanced cooperation through measures such as coordinated investment promotion, information exchange and mutual support between the two parties in near future through a memorandum of understanding (MoU) preferably in Fall of 2023.

The Ministers agreed on the importance of G2G coordination to promote critical mineral supply chain resiliency and committed to an annual dialogue at the official level on the margins of the Prospectors and Developers Association Conference (PDAC) in Toronto, to discuss issues of mutual interest.

They also agreed to rework and relaunch the Canada-India CEO Forum with renewed focus and a new set of priorities.

The CEO Forum could be announced at a mutually-agreed early date.

It would be a platform to enhance B2B engagement.

The ministers noted the significant movement of professionals and skilled workers, students, and business travellers between the two countries, and its immense contribution to enhancing the bilateral economic partnership.

In this context, they noted the desire for enhanced discussions in the area of migration and mobility.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Do you think Indian businesses will be negatively affected by Trump's America First Policy?
 Yes
 No
 Can't Say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter