India and Canada Target $50 Billion Trade by 2030, Says Piyush Goyal
India, Canada aim to triple trade to $50 billion by 2030: Piyush Goyal
Asianet Newsable
Image: Asianet Newsable
During his visit to Canada, Union Minister Piyush Goyal announced plans to triple trade between India and Canada to $50 billion by 2030. This ambitious goal is supported by a large Indian business delegation and ongoing negotiations for a Comprehensive Economic Partnership Agreement.
- 01India and Canada aim to increase bilateral trade from $17 billion to $50 billion by 2030.
- 02Piyush Goyal leads the largest-ever Indian business delegation to Canada, comprising over 112 businesses.
- 03Negotiations for a Comprehensive Economic Partnership Agreement (CEPA) are actively underway.
- 04The partnership is described as being reset rapidly, with a focus on shared prosperity.
- 05Prime Ministers Modi and Carney have emphasized the urgency of finalizing a free trade agreement.
Advertisement
In-Article Ad
Union Minister Piyush Goyal emphasized the strengthening ties between India and Canada during his visit, where he announced a goal to triple bilateral trade to $50 billion by 2030. Speaking alongside Canada's Minister of International Trade, Maninder Sidhu, Goyal noted the rapid progress in their partnership, which has gained momentum following Prime Minister Mark Carney's visit to India earlier this year. He highlighted the ambitious target of increasing trade from the current $17 billion level, stating that it is achievable due to the strong commitment from both nations. Goyal's delegation includes over 112 Indian businesses, marking the largest business group to travel from India to Canada. This visit coincides with ongoing negotiations for a Comprehensive Economic Partnership Agreement (CEPA), seen as crucial for enhancing economic relations. Goyal underscored the importance of this relationship for mutual prosperity and global economic contributions.
Advertisement
In-Article Ad
The push to triple trade could lead to increased business opportunities and economic growth in both countries.
Advertisement
In-Article Ad
Reader Poll
What do you think about the trade target between India and Canada?
Connecting to poll...
Read the original article
Visit the source for the complete story.


