Details in a press release show that The Honourable Maninder Sidhu, Minister of International Trade, will lead a Team Canada Trade Mission to India, commencing with stops in Mumbai and Bengaluru. The statement does not mention the anticipated duration of the mission. This represents Canada’s largest commercial engagement in India in recent years, according to the statement. The purpose of the mission is to unlock new bilateral trade opportunities. The statement does not specify the total value of potential trade deals, but highlights the significant scale of the engagement.
Context
The announcement of the Team Canada Trade Mission to India builds upon prior statements by the Ministry of International Trade. In March the ministry said it would be in Mumbai, India, on September 18 and 19 to strengthen Canada’s trade and investment relationship with one of the world’s fastest-growing economies. In September the ministry advanced trade talks on a comprehensive economic partnership agreement with India, indicating Minister Sidhu’s intention to “deepen Canada-India commercial partnerships and create new opportunities for Canadian businesses.” The statement does not address the specific sectors targeted for increased trade, but the emphasis on “new opportunities” suggests a broader approach than previous focused potash agreements. The Canadian Commercial Corporation’s (CCC’s) new government-to-government agreement with the Bangladesh Agricultural Development Corporation (BADC) for the supply of Canadian potash from Canpotex, announced in September, demonstrates a strategy of leveraging established trade relationships to expand commercial ties.
Sources & Further Reading
- Official press release
- Foreign ministry source
- Canada advances trade talks on agreements with India, ASEAN, and the Philippines (17 Septemb)
- Canada advances trade talks on comprehensive economic partnership agreement with India (21 Septemb)
- Canadian contract helps strengthen global fertilizer supply through new potash agreement with Bangladesh (10 Septemb)
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