CANADIAN TRADE & INVESTMENT POTENTIAL
Dr. Douglas Goold briefed our students and faculty members about Canada’s geography, people there and prospects for students in Canada.
Indo-Canadian relations are the longstanding bilateral relations between India and Canada, which are built upon a "mutual commitment to democracy", "pluralism", and "people-to-people links," according to the government of Canada. In 2004, bilateral trade between India and Canada was at about C$2.45 billion. After a decline in India Canada trading relations in the 1970s due to India's Peaceful Nuclear Explosion, trade between India and Canada picked up in the 1990s. In 1997, Canada started focusing on India in a big way, after the financial crisis in south East Asia. Canada then zeroed in on India intending to tap its huge trading potential. However, after India conducted nuclear tests in 1998, Canada once again went on an alert as far as its trading relations with India were concerned. But in 1999, after the Indian visit of the then Secretary of State for Asia Pacific, Raymond Chan, India Canada Trade Relations resumed once again economic alliances were agreed upon.
He Said, Canada has 34 million populations which includes Chinese, Indian, Portuguese, Spanish etc. "India is a dynamic, rapidly growing market that represents a huge opportunity for Canadian goods, services and technology," he added. Further, He discussed Followings issues which are faced by Canadian company doing business in India. They have found lot of business exposure but policies are not favorable. The level of Bribes (corruption) is very high in India, Start-up problems, Price sensitive population, Difficulties in dealing whether “yes” actually means YES and more negotiation.
Dr. Douglas invited our MBA students to visit and study in Canada, and learn mutual culture and great history of the two democracies.
SMJV’s CKSVIM Students (Batch 2010 – 12), Director, Faculty & Staff Members with Dr. Douglas Goold