ARCHIVED - Canada’s Natural Resources: A Pillar of Indo-Canada Trade

Information Archived on the Web

Information identified as archived on the Web is for reference, research or recordkeeping purposes. It has not been altered or updated after the date of archiving. Web pages that are archived on the Web are not subject to the Government of Canada Web Standards. As per the Communications Policy of the Government of Canada, you can request alternate formats. Please "contact us" to request a format other than those available.

Natural Resources Canada

June 9, 2012

TORONTO — Speaking at the Indo-Canada Chamber of Commerce’s annual awards ceremony and gala, the Honourable Joe Oliver, Minister of Natural Resources, highlighted the importance of the natural resource sectors in bilateral trade and collaboration with India.

“Given that one in five jobs and more than 60 per cent of Canada’s economy depend on trade, deepening our trade partnership with India is vital to Canada’s economic growth,” stated Minister Oliver. “As India’s need for energy, minerals, metals and wood products increases, Canada is well positioned to be a key supplier.”

Natural resources already comprise half of all Canada’s exports to India. Canadian exports to India have increased over 26 per cent last year, and that number is expected to rise as India’s economy is expected to remain among the fastest growing in the world.

Canada is building strong ties with India to share science, technologies and trade through the Canada–India Energy Forum, memorandums of understanding and our annual bilateral merchandise trade agreements.

“The ties between India and Canada are steeped in history and rooted in friendship, and to these bonds we are adding new connections of commerce,” said Minister Oliver. “We are negotiating a Comprehensive Economic Partnership Agreement that could fundamentally change the size and scope of two-way trade.”

The Government of Canada is renewing Canada’s regulatory system to improve Canada’s ability to attract investment, create jobs, build long-term prosperity and encourage competitiveness. The Responsible Resource Development plan is founded on four main pillars: to make project reviews more predictable and timely while still maintaining thoroughness; to reduce duplication of project reviews; to strengthen environmental protection; and to enhance Aboriginal consultations.

Media may contact: 

Patricia Best
Director of Communications
Office of the Minister
Natural Resources Canada
Ottawa
613-996-2007

or

Media Relations
Natural Resources Canada
Ottawa
613-992-4447

The general public may contact: 

Mon.–Fri., 8:30 a.m.–4:30 p.m. EDT
Telephone: 613-995-0947
TTY: 613-996-4397
(teletype for the hearing-impaired)
E-mail:questions@nrcan.gc.ca