Canada and India Build on Their Partnership
October 3, 2016 – Toronto, Ontario – Department of Finance Canada
When you have an economy that works for the middle class, you have a country that works for everyone. That’s why Canada’s approach to growing the economy puts people first. Canada is re-engaging with the world and rebuilding its international influence, especially when it comes to its ambitious economic agenda, which is recognized around the world as a model for growth and shared prosperity.
Finance Minister Bill Morneau today held his first meeting with India’s Finance Minister, Arun Jaitley, in Toronto to discuss the Canada-India relationship. The two ministers will travel to Washington, D.C., later this week to attend the Annual Meetings of the International Monetary Fund and World Bank Group as well as a G20 meeting. As co-chairs of the working group responsible for G20 growth strategies, both ministers are expected to highlight the importance of seizing the opportunity to invest in people and infrastructure to build a strong and prosperous global economy.
During their meeting today, Minister Morneau reiterated Canada’s commitment to strengthening the middle class and ensuring Canada is well positioned in the global economy of tomorrow. This includes being open to trade and investment, and creating access to new markets for Canadian businesses.
Canada and India have longstanding bilateral relations, built upon shared traditions of democracy, pluralism and strong interpersonal connections with an Indian diaspora of more than one million in Canada. Building on this strong relationship, Minister Morneau highlighted the Canada-India Finance Ministers Dialogue as an important initiative to deepen the economic and financial relationship between the two countries.
“I am pleased to build on Canada’s longstanding relationship with India by exploring ways to deepen our economic and financial ties. It is important that Canada continues to engage with the world to create more opportunities and prosperity for the middle class.”
– Bill Morneau, Minister of Finance
Office of the Minister of Finance
Department of Finance Canada