The deep cultural and political relationship between Canada and India is strengthened by a growing network of formal dialogues, agreements, declarations of intent and working groups. At the ministerial level, Canada and India benefit from a strategic partnership underpinned by ministerial dialogues on the following themes: IDRC remains actively present in India through projects focusing on the links between climate change and migration; reduce violence against vulnerable populations; women`s rights, security and access to justice; economic opportunities for Indian workers, especially women; and improving food security. Since 1974, IDRC has programmed $143 million in India. Canada`s international social security agreements, Canada and India, have concluded their ninth round of negotiations for a comprehensive free trade agreement between Canada and India. Negotiations have focused on a wide range of trade in goods and services and, since the conclusion, both sides have committed to advancing discussions in order to reach a final agreement. In 2016, bilateral trade in goods between Canada and India was worth more than $US 8 billion. India`s fast-growing economy offers Canadian companies enormous opportunities in emerging sectors such as transportation infrastructure, life science, clean energy technologies (e.g.B. Integration of Renewable Energy/Smart Grid; Carbon Capture, Use and Storage; and Energy Efficiency) and renewable energy, as well as in traditional sectors such as infrastructure development, natural resources, defence and security, value-added food, mining, oil and gas. Cooperation in science and technology, innovation and education is also an important area of opportunity for Canadian businesses. A successful trade agreement with India would allow Canadian farmers to better exploit the economic opportunities of the growing nation and allow Indian consumers to benefit from quality and cheaper Canadian exports.
For more information, see Trade and Investment Agreements. International social security conventions and the Canada Pension Plan have more than 50 social security conventions. Each agreement coordinates the social security systems of the two countries. Their main objectives are: employers and their employees and freelancers can use Canadian agreements with a certificate of coverage from the Canada Revenue Agency (CRA). To apply for a certificate, complete Form CPT169 and send it to the CRA. To get the form, go to forms from international social security conventions. Currently, India has a food rights policy and non-tariff barriers that limit trade and sector growth for Canadian agriculture and food producers. For example, India currently applies a 30% tariff to all Canadian lentil exports.
According to experts, the removal of tariffs on lentil-shaped products could lead to a 147 percent increase in exports over a 5-year period. While exports to India have increased over the past 10 years, sales exports to India account for less than 1 per cent of Canadian trade. In addition, the Indian population remains very price sensitive. As a result, trade volumes with India vary greatly each year. The implementation and ratification of the India-Canada trade agreement has the potential to increase GDP by $6 billion and generate export gains of up to 47 percent (according to the DFATD). Did you know that Canada has signed a social security agreement with India? It will enter into force on 1 August 2015. The agreement eliminates dual coverage under the Canada Pension Plan and the Indian Social Security Plan. Canada-India Trade and Investment Agreements: Canada and India have a long-standing bilateral relationship, based on shared traditions of democracy, pluralism and strong people-to-people ties. Canada is home to one of South Asia`s largest communities abroad per capita, with about 5.6% of Canadians of Indian origin (1.9 million people). . .