This article was last updated on April 16, 2022
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The Prime Minister of Canada, Stephen Harper, has announced to visit India this weekend for a fairly official trade mission in hopes to become one of the major suppliers of energy to the emerging South Asian economic giant.
Harper is scheduled to have an overall week-long trip which will focus on India, but he will also be spending time in Philippines and Hong Kong. Harper has strong hopes to settle a free-trade deal with India until next year, which will expectedly triple the bilateral trade between the two countries by 2015. Canada’s second agenda is to plug in to India’s thirst for energy supplies by exporting products such as liquefied natural gas.
These pending treaties are being negotiated since almost eight years, but Harper now hopes to finally sign an investment treaty. The federal officials disclosed on Thursday that negotiations on the trade deal and the investment treaty are ongoing. Furthermore, the officials of both countries are still straightening out “administrative” arrangements on a 2010 nuclear deal which will let Canada ship its uranium to India for nuclear energy.
The Director Communications of Canadian Prime Minister, Andrew MacDougal, stated about the nuclear deal that “we want to move forward on this.” He added that “It’s a big market for us, but we have to negotiate an agreement that everybody is comfortable with. That’s the outcome that we want. To have confidence that when nuclear material goes into the country, we know where it is.”
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