Trade Relations Between India and China
The trade relationship between India and Canada has increased significantly in the last few years. The bilateral services trade between Canada and India was $5.49 billion in 2020. The two countries’ bilateral trade reached $8.16 billion in 2022–2023. India ranked as Canada’s tenth-largest trading partner in 2022, with trade exceeding $13.7 billion.
Even though Canada and India have a cordial relationship, trade between the two countries is not as high as it could be. In 2014, bilateral trade between the two was C$5.77 billion (as opposed to C$56 billion between China and Canada). However, over the previous five years, total trade between the two has grown steadily. To improve trade relations, Canada and India are currently holding negotiations on the Comprehensive Economic Partnership Agreement (CEPA).
Exports and Imports Between India and Canada
India’s top exports and imports to Canada include:
|
Exports |
Imports |
|---|---|
|
Pharmaceuticals Jewelry Coal, coke, and briquettes Fertilizers Iron and steel Lentils |
Pulses Timber Pulp and paper Mining products |
Relations Between India and Canada
Relations between Canada and India are bilateral and are also known as Indo-Canadian relations or India-Canada relations. Canada and India have been friends for a long time and share common things like democracy. Many people from India have moved to Canada, making up more than a million people as of 2022.
India and Canada have had diplomatic ties for a long time and share democratic traditions. With an estimated one million Indians living abroad as of 2022, India has emerged as one of the main immigration sources to Canada. India and Canada’s bilateral commerce has increased considerably in recent years, and it is expected to reach $8.16 billion in 2023.
In this article, we will look into the Relations Between India and Canada, bilateral ties, along with trade, economic and political, educational, and cultural relations between India and China in detail.
Table of Content
- About Relations Between India and Canada
- The Brampton Tableau Incident and Its Effect on India-Canada Relations
- Political Relations Between India and China
- Trade Relations Between India and China
- Economic Relations Between India and Canada
- Educational Relations Between India and China
- India and China Relations on Science and Technology
- Cultural Relations Between India and China
- India-Canada Relations on Space Agencies
- Defense and Security Relations Between India and Canada
- Challenges in India-Canada Relations
- Recent News on Relations Between India and Canada