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Minister Oliver Seeks to Expand Canada-India Trade Relationship

BRAMPTON, ONTARIO -- (Marketwired) -- 02/09/14 -- Natural Resources Canada

The Honourable Joe Oliver, Canada's Minister of Natural Resources, today spoke at the Indo-Canada Chamber of Commerce, where he discussed his recent visit to India and emphasized his interest in expanding the Canada-India commercial partnership.

Minister Oliver underscored the strategic complementarity between Canada and India - Canada as a secure, responsible supplier of energy with a need to diversify its markets and India's huge and growing demand for energy and natural resources. Calling Canada a "21st-century natural resource superpower," Minister Oliver highlighted progress in bilateral trade in the nuclear, forest, oil and natural gas sectors.

Quick Facts


--  From January 10 to 16, Minister Oliver led an official delegation to
    India, along with major Canadian business leaders.
--  Minister Oliver:
    --  made keynote addresses at PETROTECH and the Confederation of Indian
        Industries;
    --  met with Indian leaders in business and government;
    --  announced financial support for a wood market development office in
        Mumbai, introducing Indians to Canadian wood products;
    --  co-signed a letter of intent with Beni Prasad Verma, India's
        Minister of Steel, to expand cooperation in iron and steel; and
    --  witnessed the renewal of a memorandum of understanding (MOU) to
        advance cooperation in earth sciences and mining.
--  An MOU on oil and gas was signed between Canada and India in 2013. It
    creates the foundation for strategic and technical cooperation,
    including undertaking joint research projects, exchanging expertise and
    promoting cooperation between our oil and gas companies.
--  In September 2013, the Nuclear Cooperation Agreement between India and
    Canada came into force. Under this agreement, companies in both
    countries can export controlled nuclear materials, equipment and
    technology for peaceful purposes.

Quotes

"Canada is becoming a 21st-century natural resource superpower. In New Delhi, Mumbai and Ahmedabad, my mission was to advance our economic partnership with India - to promote Canada as a safe, secure, reliable market and destination for capital investment. That mission was a success."

Joe Oliver,

Canada's Minister of Natural Resources

Related Products


--  Canada-India Partnerships

Associated links


--  Minister Oliver Concludes Successful Mission to India
--  Ministerial Session Petrotech
--  Country Pitch Petrotech
--  Confederation of Indian Industry

Follow us on Twitter: @NRCan (http://twitter.com/nrcan)

NRCan's news releases and backgrounders are available at www.nrcan.gc.ca/media

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