For India and Canada to solidify their trade relationship, the will have to overcome several obstacles. Here\u0027s what you need to know.
This would also pave the way for both countries to expand trade with each other and allow Canada to benefit from India’s growing economy. India is set to surpass China as the world’s most populous nation.
“Under current conditions, the bilateral trade pattern is maxed out,” said Medhora. “What each side hopes for is the future. India might further value Canada’s natural resources and agricultural products … Canada might see India as a concrete example of ‘This advertisement has not loaded yet, but your article continues below.
For example, Dehejia said Trudeau’s comments on India’s farmer protests in 2020 made it seem as though “Trudeau was lecturing India.” Dehejia said that the comments may have been an attempt by Trudeau to reach out to the Indo-Canadian voters, but it wasn’t well received in India.And then there’s India’s historic unwillingness to join trade groups.
Dehejia though isn’t too optimistic. “The fact that they want a watered-down deal after 13 years of negotiations, should tell you something,” he said. “It’s not exactly early. We have been waiting for 13 years and we are still not exactly sure what the early progress is going to be.” “It is relatively simple to have a trade agreement that simply reflects the status quo, thus once again putting off the tricky forward-looking issues,” said Medhora.Article contentVictor Thomas
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