Indo-Canadian Economic Relations: Are They Really Improving?
AbstractIndia and Canada are the economic partners both in terms of trade; FDI and aid. Their economic relations are on the rise. But when the span of time is taken into account, the economic relations are not commensuration with the potential and opportunities of both countries. The current volume of trade (5.2 billion Canadian dollars) and investment (4.9 billion Canadian dollars) are at the low ebb when compared with other trading and investment partners. India is in need of a lot of commodities especially, natural gas. Canada and India have set a trade target of CA$15 billion by the end of 2015. Could it be a reality or remain myth? This paper argues that it is a right time to analyze the existing trends in Indo-Canadian economic relations and further explore the new areas of economic vistas. The paper is to examine the existing trends and possibility of achieving the target of CA$15 billion and also to explore new areas of cooperation so that the target can be materialized by India and Canada in respect of trade and investment.
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Bibliographic InfoArticle provided by Ottawa United Learning Academy in its journal Transnational Corporations Review.
Volume (Year): 5 (2013)
Issue (Month): 3 (September)
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International trade partners; bilateral trade; foreign assistance; Free Trade Agreement; Atlantic Gateway; competitiveness;
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