ASSOCHAM and ICCC join hands to boost India–Canada business ties

The Associated Chambers of Commerce and Industry of India (ASSOCHAM) and the Indo-Canada Chamber of Commerce (ICCC) reached a Memorandum of Understanding (MoU) to boost commercial ties between India and Canada. The agreement was signed during the India–Canada Business Roundtable held in New Delhi.

MoU to strengthen trade and investment

The MoU establishes a framework that both organisations will use to enhance trade and investment ties between their member states. Through this partnership, ASSOCHAM and ICCC will assist businesses from both countries in discovering new paths to trade and investment, according to an official release.

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The MoU will establish an information exchange system that both organisations will use to share trade policy, economic regulation and investment opportunity information between India and Canada. The organisation will support business development through joint ventures, which enable companies to work together on production projects.

Encouraging business events and delegations

The two organisations will establish a partnership which will enable them to conduct trade missions and business delegations and also participate in exhibitions. The two organisations will organise seminars, conferences and workshops to enable businesses from both countries to establish connections and exchange ideas.

Industry leaders attend the roundtable

• The MoU signing took place in the presence of several industry leaders and business representatives from both nations.
• Anil K. Agarwal, who serves as Past President and Chairman of the ASSOCHAM International Council, was one of the event speakers.
• The other speakers included Kam Rathee, who serves as Chair of the ICCC Advisory Board and Prashant Srivastava, who serves as President of ICCC.
• Kunwar Shekhar Vijendra, who serves as Chairman of the ASSOCHAM National Council on Education, shared his industry knowledge during the presentation.

Special address by Canadian officials

• Ed Jager, the Trade Commissioner from the High Commission of Canada to India, delivered a special address during the meeting.
• Nina Tangri, the Associate Minister of Small Business from the Government of Ontario, delivered the keynote speech concluding the event.

Frequently asked questions (FAQ)

Q1. What is the MoU between ASSOCHAM and ICCC about?

It is an agreement to strengthen and intensify political, economic, cultural and trade relations between the countries.

Q2. Where was the MoU signed?

The MoU was signed during the India–Canada Business Roundtable in New Delhi.

Q3. Which organisations signed the agreement?

The agreement was signed by the Associated Chambers of Commerce and Industry of India, also known as ASSOCHAM and the Indo-Canada Chamber of Commerce (ICCC).

Q4. What is the goal bilateral agreement?

To increase trade, investment and business collaboration.

Q5. How will the MoU help businesses?

One way that this organisation helps businesses is by sharing information on trade policies, economic rules, and opportunities for investment.

Q6. What activities will both organisations organise together?

They will organise trade missions, business delegations, seminars, conferences, and workshops.

Q7. Who attended the MoU signing event?

Industry leaders and business representatives from both India and Canada attended the event.

Q8. Which Canadian officials spoke at the event?

Speeches were delivered by Ed Jager and Nina Tangri.