Union Commerce and Industry Minister Piyush Goyal said India and Canada are working to finalise negotiations for a Comprehensive Economic Partnership Agreement (CEPA) by the end of this year, as both countries move to reset ties and expand economic cooperation.
Speaking during his visit to Ottawa, he said India and Canada are also aiming to significantly boost bilateral trade to $50 billion by 2030, up from current levels, following renewed political engagement.
Goyal noted that recent high-level exchanges, including Canadian Prime Minister Mark Carney’s visit to India, have helped rebuild trust and set a new direction for the partnership. He said both sides are now working in mission mode to complete the trade agreement and triple trade flows over the next few years.
He also held talks with Canada’s International Trade Minister Maninder Sidhu, where both sides agreed to push for a balanced and commercially meaningful CEPA that supports businesses and strengthens economic ties. Discussions also focused on expanding cooperation in agriculture, food processing, energy, technology, and sustainability.
Goyal’s visit comes at a time when India and Canada are seeing a gradual thaw in relations after a period of diplomatic strain, with both governments accelerating engagement since mid-2025.
He also met Canadian agriculture officials to explore collaboration in food security and agri-tech, while highlighting opportunities to improve farmer incomes through stronger global partnerships.
The minister is leading a large Indian business delegation covering sectors such as energy, aerospace, telecom, pharmaceuticals, automotive, and capital goods, reflecting growing interest in deeper economic integration between the two countries.
