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India, Canada trade ties remain stable despite political differences
The Conti Contessa container ship moored at the Port of Vancouver in Vancouver, British Columbia, Canada. (Bloomberg)
Dr.G.R.Balakrishnan Feb 19 2025 Exim & Trade News

India, Canada trade ties remain stable despite political differences

Despite the crisis in relations between India and Canada, trade ties appear to have remained stable and, in fact, improved slightly in 2024 over 2023.

In 2024, bilateral trade in goods totaled CA$ 11.36 billion (approximately ₹69,368 crore). In 2023, the figure was CA$ 10.74 billion (about ₹65,723 crore).

The volume of merchandise trade increased by over 64% in 2024 from 2020, when it totaled CA$ 7.63 billion (approximately ₹42,139

 crore), according to data from Statistics Canada, the country’s data agency.

A trade dashboard posted by India’s Consulate in Toronto gave similar data but for the period January to November, and stated that it “indicates a moderate increase”.

The top five categories of exports from India to Canada include medicaments, articles of jewellery, smartphones, seafood and diamonds. The major imports into India include peas, bituminous coal, lentils, potassium chloride and newsprint.

 

Of course, the figures remain underwhelming but noteworthy given the cratering of the relationship since Canadian Prime Minister Justin Trudeau’s statement in the House of Commons on September 18, 2023, that there were “credible allegations” of a potential link between Indian agents and the killing of pro-Khalistan figure Hardeep Singh Nijjar in Surrey, British Columbia, three months earlier.

Ties deteriorated further in October last year, when India withdrew six diplomats and officials from Canada after Ottawa accused them of being linked to violent criminal activity in the country. New Delhi has dismissed the allegations and also expelled six Canadian diplomats in October.

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