India and Canada Target Tripling Trade and Finalizing CEPA by Year-End
India, Canada aim to triple trade, finalize CEPA deal by year-end

Image: Asianet Newsable
During a three-day visit to Canada, Indian Commerce Minister Piyush Goyal announced plans to finalize the Comprehensive Economic Partnership Agreement (CEPA) by year-end and aims to triple bilateral trade from $17 million to $50 million by 2030.
- 01Piyush Goyal is leading the largest-ever Indian business delegation to Canada, comprising 112 companies.
- 02The CEPA negotiations were formally launched following Canadian Prime Minister Mark Carney's visit to India in March 2026.
- 03The energy sector is a key focus, with both nations aiming to collaborate on traditional and clean energy initiatives.
- 04Goyal is scheduled to meet with Canadian Prime Minister Mark Carney and other high-ranking officials to enhance bilateral cooperation.
- 05India-Canada relations are improving after a period of diplomatic strain, with renewed high-level communication since mid-2025.
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Indian Union Minister of Commerce Piyush Goyal is on a three-day official visit to Canada, aiming to finalize the Comprehensive Economic Partnership Agreement (CEPA) by the end of this year. Goyal emphasized the goal of tripling bilateral trade from the current $17 million to $50 million by 2030, following a revitalization of ties initiated by Canadian Prime Minister Mark Carney's visit to India in March 2026. Accompanied by the largest-ever Indian business delegation, consisting of 112 companies, Goyal's visit underscores India's commitment to strengthening economic relations. Key sectors of focus include energy, where both nations seek to collaborate on traditional and clean energy solutions, as well as civil nuclear cooperation and advancements in science and technology. Goyal is expected to engage with Canadian officials, including Prime Minister Carney, to enhance cooperation across various strategic sectors. This visit marks a significant step in improving India-Canada relations, which have been strained but are now seeing renewed high-level engagement.
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The CEPA aims to significantly boost trade and investment opportunities between India and Canada, benefiting various sectors.
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