India-Canada faceoff intensifies: Impact on trade, investment not likely

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India-Canada faceoff intensifies: Impact on trade, investment not likely - Business Standard

Quick Summary:

However, the opportunity for expanding market presence has now virtually disappeared.“The escalation we are seeing now will impact the resumption of free trade agreement (FTA) negotiations, given that there is a full-fledged diplomatic row.

Similarly, in the case of matar, India imported around 1.16 mt in FY24, with Canada accounting for about 52 per cent and Russia for around 30 per cent.

Favourable currency trade with Russia and a diplomatic tussle with Canada are being cited as reasons for this shift.