Recent visit : Piyush Goyal (Commerce and Industry Minister) visited Canada from 25 to 27 May 2026 ; met PM Mark Carney and Trade Minister Maninder Sidhu.
Indian delegation : Largest-ever with more than 110 business leaders.
Team Canada delegation led by Maninder Sidhu to visit India later in 2026.
Key sectors : Energy (critical minerals, gas, uranium, renewables), agri-food, technology, education.
Canadian pension funds have invested nearly $100 billion in India.
Bilateral trade figures : ~17billion,or 17billion,or 13.6 billion merchandise, or ~32 billion Canadian dollars (~$25 billion).
Mark Carney (Canadian PM) visited India in March 2026 , leading to renewed talks.
Canada is a major source of foreign institutional investment through pension funds.
Critical minerals (lithium, cobalt, etc.) are key for India’s electronics, batteries, and defence needs.
FAQ (Frequently Asked Questions)
Q1: What is the new trade target between India and Canada for 2030?
A: India and Canada have set a target to raise bilateral trade to $50 billion by the year 2030.
Q2: What is CEPA, and when do India and Canada plan to conclude it?
A: CEPA stands for Comprehensive Economic Partnership Agreement – a broad trade deal covering goods, services, and investment. Both countries aim to conclude negotiations by the end of 2026 or earlier.
Q3: Who led the Indian business delegation to Canada in May 2026?
A: Union Commerce and Industry Minister Piyush Goyal led the delegation. It was India’s largest-ever business delegation with more than 110 members.
Q4: How much have Canadian pension funds invested in India?
A: Canadian pension funds have invested nearly $100 billion in India, mainly in infrastructure, renewable energy, and financial services.
Q5: What are the main sectors identified for trade expansion?
A: The main sectors are energy (critical minerals, gas, uranium, renewables), agri-food, technology, and education.