Canada-India Trade Notes

This is the kind of stuff I like to see:

OTTAWA: Canada is willing to boost its bilateral relations with India especially in the field of trade and investment, the country’s Governor General has said.

"Closer ties between Canada and India in the trade, investment and other economic fields can effectively boost economic and bilateral cooperation between the two countries as well as open a new chapter in mutual relations," Canada’s Governor General Michaelle Jean said while accepting the credentials of the new Indian High Commissioner to Canada Rajamani Lakshmi Narayan yesterday…

Addressing the function, the new Indian High Commissioner Narayan, expressed India’s desire to expand relations with Canada particularly in science and technology, biotechnology, IT, infrastructure, energy, environmental friendly technologies, trade and investment, and mining.

"Two-way merchandise trades between the two countries reached a record $3.6 billion in 2006. There were unlimited opportunities to expand trade and investment," he said.

— PTI, "Canada willing to boost ties with India".  Economic Times, 23 March 2007.

This is a good start, let’s see more activity on this file and try to grow that $3.6 billion into something more substantial.  By way of comparison, Canada’s two-way merchandise trade with China increased from $4.8 billion in 1993 to $23.3 billion in 2003, according to StatsCan.  If we are going to hitch our wagon to a rising economic star, it ought to be democratic India versus the corrupt autocrats and apparatchiks of China.

More good news from India:

  • India and Japan seek closer economic ties, high-level exchanges and increased defence cooperation.  Rock to the .JP and .IN.
  • Japan okays India’s civil nuclear energy program.  Japan will likely back India’s overtures to the 45-nation Nuclear Suppliers Group (NSG), which presently bars material and technology transfers to non-NPT signatories like India.
  • India conducted a test firing of the indigenously-developed "Astra" (or BVRAAM) air-to-air missile.  In terms of specifications it appears to be similar to the highly successful NATO AIM-120 AMRAAM series.
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