Piyush Goyal's Visit to Canada Enhances Economic Relations and CEPA Negotiations
Piyush Goyal's Canada visit bolsters economic ties, CEPA talks
Image: Asianet Newsable
Piyush Goyal, India's Union Minister of Commerce and Industry, concluded a three-day visit to Canada on May 28, focusing on strengthening economic ties and advancing the Comprehensive Economic Partnership Agreement (CEPA). The visit involved meetings with business leaders, government officials, and the Indo-Canadian community, aiming to boost bilateral trade, currently at USD 8.5 billion, to USD 50 billion by 2030.
- 01Goyal's visit included engagements with over 100 Indian companies and discussions on trade and investment opportunities.
- 02Key sectors for collaboration identified were artificial intelligence, clean energy, and infrastructure.
- 03The Indo-Canadian community's role in enhancing bilateral relations was emphasized during the visit.
- 04Meetings with institutional investors focused on infrastructure, renewables, and the digital economy in India.
- 05Bilateral trade between India and Canada is currently around USD 8.5 billion, with a target of USD 50 billion by 2030.
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During his recent visit to Canada, which concluded on May 28, Piyush Goyal (Union Minister of Commerce and Industry) emphasized the importance of the Indo-Canadian community in enhancing economic ties. His agenda included discussions on the Comprehensive Economic Partnership Agreement (CEPA) and meetings with business leaders, government officials, and the Indian diaspora. Goyal addressed audiences at the University of Toronto, highlighting India's economic growth and opportunities for trade and investment. He met with Ontario Premier Doug Ford to explore collaboration in sectors such as manufacturing, clean energy, and technology. Goyal also engaged with institutional investors to discuss potential investments in India's infrastructure and digital economy. The visit aimed to bolster bilateral trade, currently valued at approximately USD 8.5 billion, with aspirations to increase this to USD 50 billion by 2030, showcasing India's position as a key destination for investment and innovation.
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The strengthening of economic ties between India and Canada could lead to increased investment opportunities and job creation in both countries.
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