Search Result for : Canada

The Dollar Business Bureau Canadian Minister of Infrastructure and Communities Amarjeet Sohi said on Monday that discussions were on for resolving the issue of hike in tariff on imports of pulses by India. “Talks on to resolve pulses import duty hike issue with India,” Sohi told the media persons at an interactive session organised by Indian Chamber of Commerce in Kolkata. India, which makes up for almost 48% of the global pulses consumption, is a key importer of pulses from Canada and the US. In 2016-17, out of $4.1 billion imports from Canada, India imported $1.1 billion worth of pulses. However, pulse shipments from Canada have fallen to around $500 million in 2017-18, due to Indian government’s controls and duties following a supply surplus ...

Aamir H Kaki Canada’s High Commissioner to India Nader Patel said on Friday that can work together to foster inclusion and respect for diversity. “There are several ways that Canada and India are working together and can work together to foster inclusion and respect for diversity not only in our respective countries but around the world,” Patel said, while delivering the keynote address at a media workshop on ‘Diversity & Inclusion’, organised by High Commission of Canada in New Delhi. “Canada and India have much in common. We are multi-aspect, multi-lingual, multi-religious and culturally diversified countries,” he added. He said that diversity has economic benefits also and these economic benefits can lead to social parity. Citing a study, he said, “By advancing women’s equality, $12 trillion ...

The Dollar Business Bureau Canada has allowed market access with certain conditions to Indian horticultural products like custard apples, pomegranates, okra, bananas, mangoes – this was relayed to the Indian industry by India’s Agricultural and Food Processed Food Products Export Development Authority (APEDA) confirming the Canadian Food Inspection Agency’s (CFIAs) approval.  The conditions for the shipments that CFIA has specified included – origin of the material be clarified in a detailed manner on the shipping documents and that the produce is free of soil, pests and leaves.  APEDA’s letter detailed, “interested exporters of above mentioned commodities are advised to contact the Canadian importers to start export from India subject to compliance of above mentioned requirements.”  The letter also clearly stated that exporters must keep ...

The Dollar Business Bureau A US-based technology group Information Technology Industry Council (ITI) has prodded the Trump government to take steps in overcoming barriers in digital trade and alleged that various countries including China and India are biased in their policies which unfairly disadvantage US companies.  In addition, the technology group named countries like Canada, Indonesia, Russia, South Korea, Mexico and Vietnam, which have followed discriminatory policies against American companies.  “Multiple foreign governments have turned to discriminatory or otherwise harmful policies that unfairly disadvantage American companies and impede the ability of technology products and services to drive growth,” ITI said in a report to the President.  The countries in which rules that treat foreign and domestic companies differently are Colombia, China, India, Indonesia, Russia, South Korea and ...

The Dollar Business Bureau The Indian government has extended the entry of non-fumigated crop cargoes by another 6 months. The chemical methyl bromide (MBR), banned in most parts of the world, is used to fumigate crop cargoes as a pesticide. The Indian plant quarantine authority had earlier issued a stern warning that it would accept the entry of fumigated crop cargoes only if they have been treated with methyl bromide at the country of origin only after June 30. Today it has issued another notification extending the entry of crop cargoes that have not been fumigated, for another 6 months. Earlier the government had threatened to disrupt supplies of pulses from Canada, wheat from the Black Sea region and Europe if they ...

The Dollar Business Bureau In a recent telephonic conversation with the Canadian Prime Minister and Mexican President, Trump agreed to renegotiate NAFTA instead of scrapping the trilateral trade deal. On his twitter account, he stated, “I received calls from the President of Mexico and the Prime Minister of Canada asking to renegotiate NAFTA rather than terminate. I agreed – subject to the fact that if we do not reach a fair deal for all, we will then terminate NAFTA. Relationships are good-deal very possible!” Many on either side of the border are breathing a sigh of relief as Trump softens his stance on termination of the deal which is more than two decades old. However, Trump continues to stress that the deal was ...

The Dollar Business Bureau The Association of American Railroads, America’s leading railroad policy, research, standard setting and technology organization of the rail industry has in its latest report confirmed that freight railroads are deeply connected to International Trade. The report reveals that at least 50,000 US Rail jobs , 35% of rail revenues and 42% of carloads and intermodal units are directly supported by international trade. The report which was released on March 29, says approximately 50,000 rail jobs accounting for more than $5.5 bn in annual wages and benefits depended directly on international trade emphasizing the need for trade agreements with countries and not rushed policy modifications as President Trump’s recent statements revealed. Many in the political circles agree that the data ...

The Dollar Business Bureau Canadian Prime Minister Justin Trudeau, on February 13, 2017, for the first time, visited Washington to meet the newly elected President of USA, Donald Trump. During a press conference post their meet at the White House, the two leaders affirmed their intent to continue the historically close alliance and strengthen trade as well as border security in the North American continent. Evading much deliberation on huge underlying ideological differences concerning immigration, intake of refugees and cross-border trade, both the leaders chose to focus on the special bond that Canada and US have shared for long years in defence, counter-terrorism and trade. "Thirty five US states, list Canada as their largest export market and our economies benefit from over $2 billion in two-way ...