How India Can Benefit From The U.S.-Canada Trade Flux
Canada’s trade negotiations with Washington have collapsed after the US imposed 50% tariffs on $20 billion worth of Canadian goods. Ottawa has vowed dollar-for-dollar retaliation from 8 September. The rupture may accelerate India-Canada talks for a Comprehensive Economic Partnership Agreement (CEPA). Both sides aim to conclude the deal by the end of this year and raise bilateral trade from the current $8 billion to $50 billion by 2030 — a more than six-fold increase. As Canada seeks to diversify away from US dependence, India’s large market, growing manufacturing base and complementary trade basket (pharma, steel, seafood, electronics vs pulses, coal and fertiliser) make it an increasingly attractive partner.
#india #canada #usa #trump #modi #trade #tariffs #trumptariffs
Mint is an Indian financial daily newspaper published by HT Media. The Mint YT Channel brings you cutting edge analysis of the latest business news and financial news. With in-depth market coverage, explainers and expert opinions, we break down and simplify business news for you.
Click here to download the Mint App: https://livemint.onelink.me/MrDS/p0kx3pdg
Now make Mint your preferred source on Google and get business & finance updates first.
Add here – https://www.google.com/preferences/source?q=mint
Subscribe to Mint Premium Now: https://www.read.ht/Scaq
Subscribe to Mint’s WhatsApp Channel: https://whatsapp.com/channel/0029Va91YSeGehEM6oMesj3d
