Joly looks to ‘strengthen’ Indo-Pacific Strategy partnerships during India trip
Canada unveils Indo-Pacific strategy in bid to move away from over-reliance on China
Joly is also expected to meet with key Indian stakeholders in business and civil society communities to talk about Canada’s agenda during her India trip.The rise of the Indo-Pacific can provide “extraordinary” local benefits, as well as opportunities for prosperity, economic growth and better-paying jobs in Canada, Joly said in the statement.
“From Cleantech to critical minerals and education programs, there is a demand in India for what Canadians make, and grow, and the services we provide,” Joly said. “I look forward to my first official visit to India in order to strengthen our engagement, which is paramount to our Indo-Pacific Strategy.”
In 2021, India was Canada’s 13th-largest merchandise trade partner and 14th-largest export market. There are 1.8 million Canadians of Indian origin in this country, and India is also the primary source of new immigrants to Canada, according to the statement. Foreign direct investment between Canada and India added up to $4.6 billion in 2021, with Canadian direct investment standing at $2.9 billion. Further, Canadian portfolio and institutional investment in India reached $70 billion.
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