Canada has identified India as a priority market in its global commerce strategy and committed to increase its bilateral trade with the country to $15 billion by 2015.
"Canada would like to take economic relationship with India to a new level in trade. It has identified India as a priority market in our Global Commerce Strategy," Jim Flaherty, Canadian minister of finance said on Sunday at a function organised by Indian Consulate to commemorate the 63rd Independence Day of India.
"Our goal is to increase bilateral trade to $15 billion by 2015,” he said. Bilateral trade between India and Canada during 2009-10 was $3.19 billion. Flaherty said that Canada had added three new trade offices in India in 2010, raising the number of its trade offices in the country to eight.
While commending India's “extraordinary” emergence from a nation that was primarily based on agriculture to as an emerging economic superpower, Flaherty said both India and Canada were discussing Global Bank Tax and reforms of international financial institutions.