Canadian province eyes 10-fold jump in trade

Dec 22, 2012 by

Source: Economic Times via Indian Economic Business News

Michael De Jong, the Finance Minister of the Canadian province of British Columbia, says he is eyeing a 10-fold jump in trade with India over the next few years. De Jong is betting on companies from India exploring opportunities in sectors such as coal and natural gas while businesses from the Canadian province seeking opportunities in areas such as life sciences, aerospace and agri-food processing. “We did $300 million of trade last year, (but) I see a potential for $3 billion. India has more to offer Canada than shrimp, which I believe registers as one of the top exports. We can do way better. For us, we are blessed with abundant natural resources and we understand that in India there is an insatiable appetite for coal, natural gas and fertilizers. These are areas where both sides can work together,” he said.