'Trade between India and Canada to treble by 2015'

AHMEDABAD: The trade between India and Canada is expected to reach USD 15 billion by 2015, said Renato Discenza, the President and CEO of Invest Toronto, here today.

The bilateral trade was 4.6 billion Canadian Dollars in 2008-09. The exports from Canada were of 2.4 billion Canadian Dollars, while the imports were of 2.2 billion Canadian Dollars, Discenza said.

"As we look to treble the trade with India by 2015, we want to ensure that it is more diversified rather than being confined to products. The diversification could be in sectors like technology and services," Discenza said.

He was speaking on the sidelines of an event -- Business Opportunities in Toronto -- organised by FICCI here.

"The commitment to the comprehensive economic trade agreement signed with India last year will change the landscape of trade," he said.

In a bid to widen the market access, Canada expects to conclude a trade agreement with the European Union by this year-end, which could potentially throw open an estimated 17 trillion USD market, he said.

Canada offers business opportunities in areas of green technology, life sciences, healthcare, agriculture and research and development, he said.