Time for a reset in ties with Canada

The relationship between India and Canada has been marked by periods of highs and lows, influenced by factors such as the Cold War, nuclear nonproliferation issues, and trade disputes. Despite these challenges, both countries have consistently sought to strengthen their ties, recognizing the potential for mutual benefit in areas suchas trade, education, and strategic cooperation.

- MANAS MUKUL BANDYOPADHYAY

The recent agreement between India and Canada to work closely on anew roadmap for bilateral ties has generated significant interest and optimism about the future trajectory oftheir relationship. This development comes at a crucial juncture, when both countries are seeking to diversify their diplomatic and economic engagements. A critical analysis of this emerging partnership reveals both opportunities and challenges that will shape the contours of India-Canada relations in the years to come.

One of the key areas of cooperation is trade and investment. Canada is looking to diversify its trade and investment portfolio, and India, with its rapidly growing economy, presents an attractive opportunity. The new roadmap could focus on reducing tariffs, improving market access, and promoting investments in sectors such as agriculture, energy, and technology. Both countries aim to boost bilateral trade to USD 20 billion by 2027. Canada's strengths in agriculture, such as canola and pulses, could complement India's growing demand for these products. India, onthe other hand, offers opportunities for Canadian companies in sectors like IT, renewable energy, and infrastructure.