Multinational Trade Mission A Tremendous Success – MP Parm Gill

Brampton, ON – Member of Parliament Parm Gill returned home from an 8 day trade mission to India, the Philippines, and Hong Kong on Sunday, where he had accompanied Prime Minister Harper. MP Gill applauded the progress that was made in strengthening trade relationships during this trip, as well as the conclusion of negotiations for an administrative agreement between Canada and India.
This agreement paves the way to allow the implementation of the Nuclear Cooperation Agreement (NCA). This agreement will allow Canadian firms to export and import controlled nuclear materials, equipment and technology to and from India. In addition to helping India meet its growing energy demands, the NCA will ensure that nuclear materials exported from Canada are used only for peaceful purposes.
“This agreement is tremendously beneficial to both Canada and India. India will be able to ensure power production keeps up to booming demand, while Canada’s nuclear industry will gain a new market for the export of nuclear technology for a peaceful purpose. The 8 day trade mission also included announcements regarding the opening of a new consulate in Bangalore, India, a Memorandum of Understanding (MOU) between Canada and the Philippines to create new opportunities for Canadian businesses in the defence and security sector, and a new tax treaty that will increase trade and investment between Canada and Hong Kong.
“Our Government is committed to eliminating roadblocks and red-tape that limit Canada’s ability to be competitive globally,” said MP Gill. “The new treaty will reduce tax barriers between Canada and Hong Kong, increasing trade and investment flows while reducing incidents of double taxation and tax evasion.” On Sunday, the delegation attended a special Remembrance Day ceremony at the Sai Wan War Cemetery in Hong Kong to honour nearly 300 Canadians who lost their lives in WWII.