Business council hopes visit by India trade chief brings commitment to sign trade deal

In an interview, Hyder said he’s hoping the two agree during the visit to push for some form a trade deal this year, since multiple negotiations have been underway since 2010 and electoral cycles could further prolong these talks.

The country is Canada’s top source for immigration, from data specialists and students to temporary foreign workers. India is one of Canada’s top targets for foreign investment, particularly for pension funds and companies such as Brookfield Corp. “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.

“Over the years, Canada has captured only a relatively small slice of India’s rapidly growing market,” reads a report last fall by analyst Pia Silvia Rozario.Hyder said India would snap up Canadian technology in small modular reactors and carbon capture, when both are more developed. He said Canada’s defence, aerospace and agriculture sectors could all see a boom.

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Use visit by India trade chief to push forward negotiations, business council saysAs India's trade minister visits Ontario this week, corporate Canada is hoping both countries will commit to signing a trade agreement this year after more than a decade of talks.
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