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Geopolitical shifts during the Covid-era is justifying a closer convergence of national perspectives between India and Canada. It remains now to align the bilateral’s common interests and values, with common goals.
Courtesy: Gateway House & CIGI
India’s energy future needs to be low-carbon, climate-resilient and protected against price fluctuation. It can meet these needs by investing in Canadian oil companies, given the country’s political stability and rule of law. India can also attract greater foreign direct investment at home through the issuance of green bonds, a climate finance debt instrument that addresses environmental and climate-related challenges. This paper explores the regulatory perspective of the green bond market.
Courtesy: Gateway House & CIGI
Canada has been one of the biggest success stories in oil over the past few years. India should consider financial investments in Canadian energy assets as a means to secure its energy supplies. This paper studies the feasibility and prospects for Indian investment in Canada's petroleum sector.
Courtesy: Gateway House & CIGI
The shifting trends in trade, especially given the growth in communications capacity and reduced cost of computing have altered traditional economic development. India and Canada have a shared commercial interest in E-trade. Both countries need to align their resources to frame trade rules of the new digital economy, to mutual benefit.
Courtesy: Gateway House & CIGI
The shift in the global trend from trade in goods to trade in services, especially digital services has focused attention on the necessity of a modern and robust regulatory framework for it. The bilateral steps by India and Canada outlined in this paper can feed into current efforts by multilateral institutions to develop a universal framework for capturing services trade data.
Rohinton Medhora, President, Centre for International Governance Innovation (CIGI), Waterloo, Canada, and co-host of the second edition of the India-Canada Track 1.5 Dialogue in Mumbai, spoke to Gateway House on how data management and governance around new technologies, such as Artificial Intelligence, are the issues of the future
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The second edition of the India-Canada Track 1.5 Dialogue, held in Mumbai last month, drew many ideas from experts and government officials on diversifying and deepening the strategic partnership. A summary of some of the outcomes
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The India-Canada Track 1.5 Dialogue on Innovation, Growth and Prosperity, an initiative agreed upon in February 2018 by the two prime ministers, provides an opportunity for the bilateral relationship to grow through geopolitical convergence, greater economic collaboration and people-to-people interaction. A statement by External Affairs Minister S. Jaishankar for the second edition of the Dialogue, held in Mumbai on 22 November 2019
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It’s time to start moving on matters in which Canada is a natural ally for India - trade liberalization, energy investments, intellectual property and the rules around e-commerce in particular and big data governance in general.
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Gateway House and CIGI co-host the second edition of the India – Canada Track 1.5 Dialogue. The discussions from the roundtable can lead to the formulation of policy recommendations
