India and Canada Near Early-Stage Trade Agreement to Diversify Pacific Trade and Supply Chains, Says Canadian Trade Minister

DelhiDesk India and Canada are close to signing an early-stage trade agreement as part of a larger Canadian strategy to diversify its Pacific trade and supply chains away from China. Indian Commerce and Industry Minister Piyush Goyal is in Ottawa for ministerial talks and the two countries are making steady progress toward a deal. Canada has had intermittent trade negotiations with India going back more than a decade, but last year the two sides decided to narrow the scope and focus on an initial deal that would include a few industries, rather than an economy-wide accord. Technology, especially for lowering emissions and protecting the environment, would naturally be a focus. A trade deal with India is also part of the Canadian government’s larger Indo-Pacific strategy to diversify its trade away from heavy dependence on China.

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Here is the news bullets sorted by DelhiBreakings.com team.

👉 India and Canada making progress towards trade agreement
👉 Deal will focus on few industries rather than economy-wide accord
👉 Technology, investment, and tariff reductions will be included in deal
👉 Agreement aims to diversify Canadian trade away from heavy dependence on China
👉 Canadian ministers to visit India throughout year, with PM Trudeau likely attending leaders’ summit in September

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