PE Ledger

Following the tensions between Canada and China, India is pushing for the resumption of trade talks

According to India’s deputy high commissioner, parliamentary and legal links can be strengthened.

As the Trudeau government seeks economic options to China following the Meng Wanzhou-two Michaels controversy, Canada and India are discreetly paving the stage to restart official free-trade discussions.

According to Anshuman Gaur, India’s deputy high commissioner to Canada, trade negotiators from both nations held four “consultative meetings” via video in the last year, the most recent of which saw the two sides trade preliminary recommendations in October.

In an interview last week, he stated, “They talked about the approaches and the probable road forward.”

India’s ambitious new trade policy, termed “early harvest,” has resulted in the government taking gradual moves toward full-scale free-trade agreements with the United Kingdom, the European Union, Australia, the United Arab Emirates, and now Canada.

It also comes as the federal government emerges from a three-year diplomatic stalemate with China, following the safe return of Michael Spavor and Michael Kovrig to Canada. They were held in Chinese prisons for over 1,000 days in retaliation for the RCMP’s arrest of Huawei executive Meng Wanzhou in 2018 on an American extradition demand.

Canada is attempting to diversify its economy away from China and into new Asian markets. It has lately begun formal trade talks with ASEAN, a 10-country bloc that includes the Philippines, Indonesia, and Thailand.

The Liberal government highlighted this aim in its throne speech on Nov. 23 when it said: “Adapting to a changing world necessitates increased diplomatic engagement. Canada will continue to cooperate with critical friends and partners, as well as make concerted efforts to strengthen alliances in the Indo-Pacific and across the Arctic.”

At a G20 meeting in Rome this summer, International Trade Minister Mary Ng addressed the potential deal with her Indian counterpart, Piyush Goyal.

In an interview, Ng stated, “I believe India and Canada have chances to enhance our economic and trade connection.”Get  Prince Edward Island and Canada’s  top News, Latest News and other News of the world only at the most trustable news website of Canada

Show More

Leave a Reply

Your email address will not be published. Required fields are marked *