Go to the Globe and Mail homepage

Jump to main navigationJump to main content


Canada’s next trade pact should focus on Japan and India Add to ...

Subscribers Only

Assuming that president-elect Donald Trump follows through on his promise to scuttle the Trans-Pacific Partnership, what should Canada put in its place? Here’s the case for making the emerging Japan-India axis the cornerstone of Canada’s Asia policy.

First the economics. India is Asia’s emerging high-growth economy and population behemoth. China is increasingly yesterday’s story, with its economy losing steam, the looming crisis of an aging population and its Potemkin infrastructure. India under dynamic Prime Minister Narendra Modi, by contrast, is gathering powerful momentum every day. Not only is it the world’s second-most populous country, its economy is going gangbusters (its growth rate is now consistently higher than China’s – and its statistics are more reliable). Its increasing self-confidence and insatiable appetite for investment mean barriers to investment are falling all the time.

Report Typo/Error

Follow on Twitter: @brianleecrowley

Next story




Most popular videos »

More from The Globe and Mail

Most popular