00:00Minister Goyal, what a phenomenal job that you've done, bringing one of the largest
00:05delegations from India to Canada in the history. And so welcome everyone, welcome to Toronto,
00:10welcome to Canada. Of course, I want to welcome everyone here with the sun behind me instead
00:16of the snow. It's much easier to walk around here in Toronto when you're not in your snowshoes.
00:21So thank you so much for taking the time. So let me say something very plainly before I go
00:26into the substance of today. The world is being reshaped. Supply chains are shifting. Old
00:32assumptions are breaking down. Markets that used to feel stable are proving anything but.
00:37And in the middle of all that, Canada made a deliberate choice that we are not going to sit
00:41around and wait out the uncertainty. We are going to lean in. As a former businessman, I know what
00:47that means. And Minister Goyal, as a fellow former businessman, I know you can understand this too.
00:52The biggest results don't come to those who have a stable. To those who wait, they come
00:57to those that lean in, form new partnerships, and build stronger economic relationships.
01:03As Prime Minister Karnia said, if you're not at the table, you are on the menu and Canada
01:08is certainly at the table. Right now, Canada is negotiating more trade agreements than at any
01:13point in history. Here in Canada, trade powers our economy. 70% of our economy and trade agreements
01:19play an important role in powering our economy. We have CEDA with the European Union, one of the
01:25most comprehensive trade agreements in the world. We have the CBTPP opening markets into the Indo-Pacific.
01:31And we signed a new agreement with Indonesia, destined to be the fifth largest economy in the world.
01:37And we are pushing forward on negotiations with Thailand, with Philippines, with the UAE, with ASEAN.
01:42And of course, we're driving forward our emergency negotiations with Brazil, Argentina, Paraguay, and Uruguay.
01:47We signed a foreign investment agreement with the UAE, 10 years in the making, and we got it done more
01:52than two months.
01:53We have hired more trade negotiators on our trade team, and we are accelerating rounds.
01:58My WhatsApp has been busier than ever. The world wants more Canada, and people are messaging from around the world.
02:04Terrific. Thank you so much, Minister Sidhu. Really appreciate those words of setting the situation for us here
02:11for the rest of the day, and for the future ahead of us.
02:15Our next speaker is, of course, the Honorable Piyush Goyal, India's Minister of Commerce and Industry,
02:22one of the principal architects of India's trade and investment strategy.
02:26Over the last seven years, Minister Goyal has overseen major reforms in logistics, infrastructure, and industrial policy,
02:33and has led India's engagement in key global economic forums, including...
02:37And it's real. It's wrong. Minister Goyal brought over 800 business leaders to Canada.
02:43That is the story, as if the largest business delegation Canada has ever hosted from India.
02:48Please, a big round of applause.
02:55That tells you everything about the confidence that both India and Canadian businesses have in this partnership.
03:02Our job now is to turn that confidence into contracts, into joint ventures, into supply chain partnership,
03:08into investments that create jobs in both our countries.
03:12The momentum is here, and now it's time to build.
03:15Thank you very much.
03:16Merci beaucoup.
03:17Our CEO's and CTO's of companies, we also have significant decision makers.
03:26We also have entrepreneurs, particularly seven women entrepreneurs who have joined us.
03:32We have startups.
03:34We have large companies, conglomerates, and MSMEs.
03:40People from the world of technology, be it AI, be it quantum computing,
03:48we have businesses from the agri-sector, from banking, finance, insurance, you name it.
04:00And I can pick up one or the other of the delegates who have come here.
04:05The dynamism of the Indian economy will ensure that for the next 30 years,
04:13we will continue to be the fastest-going large company.
04:20a country that is investing deeply in its people, building talent, skills,
04:33a country that is making sure that all the basic needs that a person needs are all provided for,
04:41for every child born in the country, so that young India today, connected with the world through the internet.
04:51I am sure you are all aware we have one billion internet users in India.
05:07And these billion young men and women, boys and girls, are watching us in Toronto today.
05:17They are connected with what is happening in different parts of the world.
05:24They are looking for a better quality of life, they are looking for all the good things that are available
05:35anywhere in the world.
05:37They are looking for opportunities, they are looking to work and work hard.
05:46And a young population drives not only economic growth, a young population drives engagement,
06:00a young population drives that desire to look at life with a new enthusiasm.
06:10And friends, today, they both trust each other, they both believe in the Canada-India partnership,
06:23and they both can see that there is a lot of potential that has remained untapped.
06:33And I have therefore tasked Maninder and me to make sure that we work in mission mode.
06:42We finalize another very comprehensive economic partnership before the end of the year.
06:52Prime Minister Kani yesterday has shaved off one more month.
06:55He is dated at the end of November now in my meeting along with Maninder and then yesterday.
07:02He wants us to deliver before the G20 Leaders Summit.
07:09Thank God Maninder, he didn't say we should deliver before the G20 Trade Minister, but that is in October.
07:19But possibly we can.
07:22It's for the businesses of both countries to spur our two negotiators, Bruce and Rich.
07:32See how beautiful it sounds, Bruce and Rich.
07:40This one is for both of you.
07:44And I suspect the sincerity that I have seen in both the negotiating teams.
07:50Don't be surprised if they actually can deliver it even faster than targeted.
07:59The friends, the future is ours.
08:03We have to seize the moment.
08:06Prime Minister often uses one faith.
08:09I'll say it in Hindi, I'll try to say it for the friends from Canada.
08:21This is the moment.
08:25This is the right moment.
08:27This is the right moment.
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