Facing the heat of geopolitical risks, Indian apparel exporters have concerns about their Canadian business as there is already a tension in Indian-Canada relations and now Donald Trump, US President-elect, has proposed to impose tariffs on Canada.
India has exports of around US US $ 235.5 million and in the last two financial years, Indian apparel exports to Canada have witnessed growth.Some of the garment exporters so far haven’t had any direct impact but fear that if the tensions between India and Canada escalate, there would be a negative impact especially since lately Canada has announced that it would consider putting penalties on India.