India and Canada have agreed to target USD 50 billion in bilateral trade by 2030 and aim to conclude the long pending Comprehensive Economic Partnership Agreement (CEPA) by the end of 2026. The commitment was reaffirmed during Commerce Minister Piyush Goyal’s visit to Canada.
Speaking in Toronto, Goyal highlighted growing business opportunities between the two countries. More than 150 business leaders and investors from sectors such as manufacturing, pharmaceuticals, biotechnology, clean technology, energy, and oil & gas attended the Canada–India Building Bridges event.
Canadian Trade Minister Maninder Sidhu announced a Team Canada Trade Mission to India in November 2026. The mission will focus on areas including AI, critical minerals, nuclear energy, renewable energy, semiconductors, digital infrastructure, and advanced manufacturing.
The two ministers also co chaired a Canada–India Investment Roundtable attended by major Canadian pension funds, banks, and investors. Discussions focused on infrastructure, financial reforms, clean energy, technology, manufacturing, and supply chain diversification opportunities in India.
Goyal held separate meetings with leading Canadian companies and investors from insurance, banking, food processing, and critical minerals sectors. He promoted India’s strong economic outlook, growing STEM talent base, GCC expansion, PLI schemes, and improving business environment.
During the visit, Goyal paid tribute to victims of the Air India Flight 182 bombing at the Kanishka Memorial in Toronto and later addressed the Indian diaspora in Brampton, highlighting their role in strengthening trade, investment, and cultural ties.
The visit included the largest ever Indian business delegation to Canada, with representatives from more than 100 Indian companies. The three day trip aims to accelerate economic cooperation and revive India-Canada trade relations.
Separately, a U.S. trade delegation led by the chief negotiator will visit Delhi from June 1 to 4, 2026 to advance negotiations on the proposed India–U.S. Bilateral Trade Agreement (BTA). Both sides will discuss market access, non tariff barriers, customs facilitation, investment promotion, and economic security cooperation, while working to finalize an interim trade agreement.
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