India and Canada are set to intensify economic engagement as Union Minister of Commerce and Industry Piyush Goyal embarks on a three-day visit to Canada from May 25 to May 27.
The visit comes at a crucial stage in the negotiations for the Comprehensive Economic Partnership Agreement (CEPA), with both countries aiming to deepen trade, investment, and strategic cooperation.
A delegation comprising senior representatives from more than 100 Indian companies is accompanying the minister, reflecting growing business interest in expanding commercial ties between the 2 nations.
A key focus of the visit will be discussions surrounding the proposed India-Canada Comprehensive Economic Partnership Agreement.
Goyal is scheduled to meet Maninder Sidhu, Canada’s Minister of International Trade, to assess progress in the negotiations and identify areas that could unlock greater trade and investment flows.
The visit follows the second round of CEPA negotiations held in New Delhi between May 4 and May 7, 2026.
Officials from both sides are continuing discussions with the objective of accelerating the agreement process. India and Canada have jointly set a target of increasing bilateral trade to $50 billion by 2030.
The Indian delegation includes executives and industry representatives from sectors such as metals and mining, energy, automotive, capital goods, aerospace, tourism, textiles, leather, agriculture, pharmaceuticals and telecommunications.
During the visit, Goyal is expected to engage with leading Canadian corporations, startup founders and pension fund representatives to explore fresh investment opportunities and strengthen business partnerships.
The programme also includes meetings aimed at expanding collaboration across sectors identified as growth drivers for both economies.
Economic ties between India and Canada have gained momentum since mid-2025 through a series of high-level engagements.
Prime Minister Mark Carney’s visit to India on March 2, 2026, played a significant role in reviving bilateral dialogue and formally launching CEPA negotiations.
Trade between the two countries reached approximately $8 billion in FY2025-26. India exported goods worth $4.67 billion during the period, while imports from Canada stood at $3.28 billion.
The relationship is also supported by a strong Indian-origin community in Canada, comprising around 2.8 million people, including approximately 1.8 million Indo-Canadians and nearly one million NRIs and students.
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Piyush Goyal’s Canada visit is expected to provide fresh impetus to CEPA negotiations while strengthening cooperation across trade, investment, energy and technology. With both countries targeting a substantial expansion in bilateral commerce, the discussions could play an important role in shaping the next phase of India-Canada economic relations.
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Published on: May 25, 2026, 9:20 AM IST
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