Home / Business and Economy / Canada, India Unite Against Economic Coercion
Canada, India Unite Against Economic Coercion
27 Jan
Summary
- Canada urges multilateral alliances to counter economic coercion.
- Minister Hodgson praises India's trade deal with the EU.
- Canada seeks to boost energy exports to meet India's demand.
Canadian Energy Minister Tim Hodgson advocated for strengthening multilateral partnerships and enhancing supply diversification as crucial strategies to resist economic coercion by dominant global powers.
Speaking at India Energy Week, Hodgson commended India's recently finalized trade agreement with the European Union, describing it as a prime example of how nations can effectively assert their autonomy and reject a "might makes right" international order.
Hodgson noted that the current global landscape is shifting towards a more mercantilist approach, diverging from the established rules-based, multilateral system. He expressed Canada's commitment to becoming a dependable worldwide energy provider, aiming to meet India's rapidly expanding energy demands for LNG, LPG, and uranium.
Canada is actively expanding its energy infrastructure to facilitate global exports. Minister Hodgson affirmed that Canada will not leverage its energy resources for coercive purposes, reinforcing a commitment to equitable international trade and cooperation.
