Newsletter - January 2018

17 Jan 2018 6:11 AM | Mayank Bhatt (Administrator)
ICCC Newsletter  
 
January 2018  
                                                              
Letter from the President
 
 Kanwar Dhanjal

What does it mean to lead a trade mission to India? I have been humbled by the experience after returning from my first India Mission. We had a series of meetings with our Partners in Success, we forged linkages with new Partners in Success by signing a Memorandum of Understanding with the Trade Promotion Council of India and the Mohali Industries Association. We also participated in the second Bengal Global Business Summit. We also had meetings with four Chief Ministers of Indian states and were able to avail of the opportunity to understand first-hand the significant measures these Indian states have undertaken to move ahead with their economic development.

India Mission 2018 was by all accounts a tremendous success. We were able to successfully visit Mumbai, Ahmedabad, Gandhinagar, New Delhi, Chandigarh and Kolkata during the two-week mission and we were able to focus on the sectors the ICCC had chosen to promote during the mission – Agro and Food Processing Industries, Advanced Manufacturing, Financial Services, Education, Business Immigration and Skills Development. We were greeted with enthusiastic response in every city, in every meeting. It was personally gratifying to me to witness the enthusiasm evinced by Capt. Amarinder Singh, the Chief Minister of Punjab, to our proposal of a more intense collaboration between Indo-Canadian entrepreneurs and the state of Punjab. He immediately announced the formation of an investors’ help desk dedicated for this purpose.

 Click here to read the: Letter from President

 Insight
Path to Prosperity
Resetting Canada's Growth Trajectory 
 
 Final report by Canada's Advisory Council on Economic Growth

How can we accelerate the growth of the Canadian economy and improve the prosperity of all Canadians over the coming 10 to 15 years?

That was the question posed by Canada’s Minister of Finance when he convened the Advisory Council on Economic Growth in early 2016. The Council’s mission is to examine the long-term potential of Canada’s economy and, based on its findings, to make recommendations for improving the prospects for inclusive economic growth.

The Council is convinced the formula that drove the past growth of the Canadian economy—and supported steady improvements in our standard of living—is unlikely to be sufficient for the future. Like many other advanced economies, Canada faces the pressure of an aging population, technological disruption to many sectors of the economy, and the rapid shift of global economic power to Asia.

Current trends suggest that annual GDP growth in Canada will average only 1.5 percent over the next 50 years—half the rate of the past 50. Left unchecked, the slower pace of growth would have a profound impact on the prosperity of Canadian families and the outlook for them and their children.

This does not have to be the case.

Canada’s numerous natural advantages, coupled with the opportunities created by a rapidly changing world, offer the potential to stimulate new waves of investment, innovation, and job creation, unlocking a new formula for growth and prosperity. The challenge that the Council set for itself was to identify bold solutions that could jolt the economy, stimulate inclusive growth, and help raise the quality of life for all Canadians, targeting a $15,000 increase in median annual pre-tax household income above current projections by 2030.

This document lays out a third release of Council recommendations for resetting the country’s long-term growth trajectory for the benefit of all Canadians. In October 2016, the Council released its initial findings and its first wave of three recommendations. They included increasing investment in infrastructure, a plan for raising foreign direct investment in Canada, and a set of proposals for attracting the immigrant talent Canada will need to fuel its growth. 

Click here to read the speech: Insight
 
     
 EDC Trade Insights  Export Guide BDC Business Desk 

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Step-by-Step Guide to Exporting

 
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 Trade Insights  Trade Commissioners' Service Export Guide Business Desk 

Business Snippets   Programs & Events   Global Tenders

       
A brief summary of the most
significant economic news
during recent days.




 

A quick recap of the recent
& forthcoming ICCC 
programs and events






  A list of latest
Global Tenders
floated by the
Government of India.




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Business Snippets
  Click here for more: 
Programs and Events
  Click here for more: 
Global Tenders

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