India and Canada Strengthen Trade Relations with Major Delegation Visit
India, Canada revive trade ties as Piyush Goyal arrives in Ottawa with largest-ever business delegation

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Piyush Goyal, India's Union Minister of Commerce, arrives in Ottawa with over 110 business leaders to revive trade relations and expedite the Comprehensive Economic Partnership Agreement (Cepa). The goal is to triple bilateral trade to $50 billion by 2030, following a previous pause in negotiations due to diplomatic tensions.
- 01Piyush Goyal's delegation includes over 110 Indian business leaders across diverse sectors such as aerospace and pharmaceuticals.
- 02The target to triple trade to $50 billion by 2030 marks a significant increase from the current $8 billion.
- 03Trade talks were previously halted in late 2023 due to diplomatic issues but resumed after a meeting at the G7 Summit.
- 04Canada aims to diversify its trade partners, targeting an additional $300 billion in non-US exports.
- 05Two rounds of preliminary talks have already occurred, with a third round scheduled to take place in Canada soon.
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India's Union Minister of Commerce and Industry, Piyush Goyal, arrived in Ottawa on Monday for a significant three-day visit, leading a delegation of over 110 Indian business leaders. The primary aim is to rejuvenate bilateral relations and expedite the Comprehensive Economic Partnership Agreement (Cepa). Goyal and Canadian Prime Minister Mark Carney discussed ambitious goals to triple bilateral trade from the current $8 billion to $50 billion by 2030. This renewed push comes after trade negotiations were stalled in late 2023 due to diplomatic tensions. Following a meeting between Indian Prime Minister Narendra Modi and Canadian leadership at the G7 Summit, negotiations resumed. Goyal's delegation spans various sectors, emphasizing supply chain resilience and resource security, particularly in clean energy. Canadian Minister Maninder Sidhu highlighted the importance of diversifying trade partners to unlock an estimated $300 billion in additional exports. The ministers confirmed that substantial progress has been made in preliminary talks, with a third round of negotiations planned to further solidify economic ties between India and Canada.
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The renewed trade negotiations are expected to significantly boost economic interactions between India and Canada, benefiting businesses and workers in both countries.
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