New trade and investment office to boost Indo-Canadian ties

Dec 22, 2012 by

Source: Economic Times via Indian Economic Business News

British Columbia Finance Minister Michael de Jong, who was on a visit to Punjab recently said the opening of a new trade and investment office in Chandigarh will strengthen economic ties between India and Canada.”Trade and Investment office (at Chandigarh) will boost the business prospects (between India and Canada),” Jong said. A new trade and investment office was opened at the Canadian Consul-General in Chandigarh on December 7th. Jong said there is a huge potential for mutual trade in sectors of energy, coal, technology, education, wood products, digital media ability, etc. “Trade must go both ways and both the countries have to go a long way in this regard,” he said. On immigration, Jong said there are some “difficulties” in the matter of immigration even though India is the second largest source of immigration to Canada. “Our biggest challenge in coming years is people. We need people in our economy but we need to have a fair system that encourages movement of people in both the countries,” he said.