India and Canada have reaffirmed their commitment to enhancing bilateral trade and investment relations to boost economic growth and create more business opportunities. Canadian Minister Maninder Sidhu welcomed Commerce Minister Piyush Goyal and a significant Indian delegation, highlighting the potential for collaboration in sectors like clean energy, critical minerals, agri-food, advanced manufacturing, digital technologies, and skills development.
Canada is set to lead a ‘Team Canada Trade Mission’ to India later this year, showcasing the keen interest of Canadian businesses in expanding their footprint in the Indian market. Both countries aim to finalize negotiations on a Comprehensive Economic Partnership Agreement (CEPA) by the end of this year, focusing on enhancing market access and fostering economic growth through resilient supply chains.
The launch of the Canada-India Trade and Investment Forum will serve as a crucial platform for fostering new partnerships and enhancing business engagement between the two nations. Strengthening connectivity, including people-to-people ties and direct commercial links, is seen as vital for boosting trade and investment between India and Canada.
India and Canada are committed to promoting long-term investments in key sectors and fostering collaboration among businesses, innovators, and institutional partners. Both ministers have pledged to maintain regular communication and work towards achieving concrete outcomes in the coming months.
