Courtesy: Bloomberg
Canadian Prime Minister Mark Carney’s visit to India from February 27 to March 2, though sandwiched between the AI Impact Summit and the outbreak of the U.S.-Israel war against Iran, produced concrete outcomes with long-term impact. The visit announced a multidimensional roadmap aligning India’s ‘Viksit Bharat’ vision with Canada’s ‘Build Canada Strong’, to ensure the bilateral relationship does not drift apart again.
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.