The Canada-India Business Council Hosts India’s Minister of Finance

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Official Visit Comes at a Critical Time in Canada-India Free Trade Negotiations

On April 15th, 2013 the Canada-India Business Council was pleased to host India’s Minister of Finance at a breakfast meeting with leaders of the Canadian business community. Minister Chidambaram, who was accompanied by senior officials from the Ministry of Finance and the Reserve Bank of India, used the occasion to encourage Canada to play a bigger role in India’s growing and increasingly open economy.

As a leading advocate of further economic liberalization, the Finance Minister has targeted foreign direct investment attraction, particularly in infrastructure, as the key to faster economic growth. He sees this as an opportunity for Canada and a catalyst for bilateral trade, explains Peter Sutherland, the President & CEO of the Canada-India Business Council.

“The Indian Finance Minister’s visit to Canada comes at a critical juncture in Canada-India relations. The two governments have set a goal of trebling trade to $15 billion by 2015. With two years to go, there is much ground to cover.”

Earlier this year, Canada and India concluded the seventh round of negotiations towards a Comprehensive Economic Partnership Agreement (CEPA), bringing the discussion closer to the target of reaching a final agreement late this year.

“For Canada to fully optimize the benefits of a CEPA with India, it is imperative that business leaders from both countries understand the opportunities that exist and that they engage personally in building the strong relationships that lead to tangible long term benefits for both nations,” adds Mr. Sutherland.

For additional details on the event or to speak with Peter Sutherland further, please contact:

Reva Seth
Communications Consultant
T: 416 388 0157
E: rseth(at)canada-indiabusiness(dot)ca

The Canada-India Business Council:
The Canada-India Business Council (C-IBC) was founded in 1982 by the Bank of Nova Scotia, Bombardier and the late Thomas Bata.

For almost 30 years, C-IBC has been the leading, bi-national member driven association dedicated to the sustained growth of trade, investment and services between Canada and India. C-IBC works to assist Canadian organizations by offering knowledge, experience and insight on bilateral trade and investment opportunities. With over 100 members, the C-IBC represents the leading companies in the Canada-India business corridor.

The C-IBC is governed nationally by a Board of Directors which is comprised of senior executives from Canada’s leading organizations as well as leaders from both small and medium-sized enterprises. The C-IBC is headquartered in Toronto with operations in Delhi, Vancouver and Montreal.

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