#JimCarr; #Canada-IndiaBusinessCouncil; #Canada-IsraelFreeTradeAgreement
Toronto, Jun 27 (Canadian-Media): Jim Carr, Minister of International Trade Diversification was at the Canada-India Business Council (C-IBC) Toronto Partnership Summit yesterday to promote mutually beneficial trade and investment opportunities between Canada and India, media reports said.
Through its trade diversification strategy, Canada plans to invest reportedly $1.1 billion over six years to help Canadian businesses grow and diversify their exports. Reportedly CanExport program has supported more than 1,200 Canadian SMEs with 1,600 projects to expand their markets and increase export activities in more than 110 markets around the world.
“The business community in Toronto is well-connected, diverse and flexible, with excellent access to international markets...By pursuing trade diversification and continuing to invest in local communities, we continue to promote Canada as a place of business that is open to the world,” said Carr.
Carr also visited the Canada Goose facility, a global sector leader with international global growth. Canada is reportedly investing $290 million to help Canadian businesses to tap new markets for exports.
"I am so proud of Canada Goose’s role in exporting the brand of Canada around the world, and I am fortunate to have an intimate perspective on what an advantage being Canadian can be on a global business stage,” said Dani Reiss, CEO, Canada Goose
Carr met with members from the Centre for Israel and Jewish Affairs and the local business community to promote the modernized Canada-Israel Free Trade Agreement (CIFTA).
Carr participated in a panel discussion with Galit Baram, Consul General of Israel, in Toronto where they discussed the benefits of the modernized CIFTA and the significance of the Canada-Israel trade relationship. The panel also highlighted how Canadian businesses are succeeding in the Israeli market to help them navigate that country’s opportunities for Canadian-Israeli partnerships in the growing fields of science, technology and innovation.
Since the original CIFTA entered into force in 1997, two-way merchandise trade between both countries has reportedly more than tripled, totaling $1.9 billion in 2018.
#The updated Canada-Israel Free Trade Agreement will bring our two friendly countries—allies and partners—even closer together,” Galit Baram Consul General, Consulate General of Israel in Toronto said.
(Reporting by Asha Bajaj)