Canada, India advance trade agreement talks and investment priorities
Canada and India are stepping up trade engagement as officials push forward negotiations on a broader economic partnership. The latest ministerial meeting in New Delhi also supports Canada's effort to expand commercial ties with India and double two-way trade to $70 billion by 2030.
Highlights
- International Trade Minister Maninder Sidhu meets Commerce Minister Piyush Goyal in New Delhi, marking the ninth bilateral ministerial meeting since May 2025.
- The ministers discuss advancing a Canada-India comprehensive economic partnership agreement, following the fifth negotiation round held in Ottawa last week.
- Canada targets doubling two-way trade with India to $70 billion by 2030, aligning with its Indo-Pacific Strategy and market expansion efforts.
Talks build on recent negotiating round
As reported by Global Affairs Canada, International Trade Minister Maninder Sidhu meets India's Minister of Commerce and Industry, Piyush Goyal, in New Delhi this week on the margins of the Team Canada Trade Mission to India. The meeting is the ninth between the two ministers since May 2025, underscoring sustained high-level contact on trade and investment priorities.The ministers discuss ongoing negotiations toward a Canada-India comprehensive economic partnership agreement. Their talks build on the fifth negotiating round, held last week in Ottawa, as both sides intensify efforts to reach a mutually beneficial deal.
Trade mission supports broader market goals
Sidhu thanks Goyal for supporting the Team Canada Trade Mission, which is bringing Canadian businesses to Mumbai and Bengaluru to pursue commercial agreements and develop new partnerships with Indian companies.The outreach aligns with Canada's Indo-Pacific Strategy and its broader objective of deepening economic engagement with India. Ottawa is also targeting a doubling of two-way trade with India by 2030, to a value of $70 billion.
In our earlier coverage of India’s investor tax and currency backdrop, Finance Minister Nirmala Sitharaman said the government is open to stakeholder views on the long-term capital gains (LTCG) and securities transaction tax (STT) framework, while not signaling imminent changes in the next budget. The article also noted steps by the Reserve Bank of India to curb rupee volatility and highlighted rising investment interest in areas such as data centers, renewables, and semiconductors—factors shaping the broader environment for trade and investment engagement.
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