However, Hyder said trade deals with Australia and the United Arab Emirates show the country is branching out. India is on track to be a powerhouse for complex semiconductors, vaccines and life-sciences research.
In November, the Liberals identified India as a key partner in their Indo-Pacific strategy, which calls for more economic and security ties with countries across the region, as a counterbalance to an increasingly assertive China.Article content “We’re really calling on our government to implement and execute the policy expeditiously. Like, let’s not give it another year here,” Hyder said.He’s hoping Prime Minister Justin Trudeau will sign some sort of trade deal either before or during his expected visit to New Delhi in September for the G20 leaders’ summit.Article content
The Asia Pacific Foundation of Canada, a government think tank, says India could benefit from importing more Canadian produce, chemicals, wood products and minerals, while a trade deal would make Ottawa less economically vulnerable to conflicts between the United States and China. This week, the countries could release a time frame for the talks, or even announce which sectors will not be part of the negotiations, Hyder said.
Already, Canada is under pressure for how it balances trade talks with raising concerns for minorities in India.
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