Union Minister of Commerce and Industry Shri Piyush Goyal arrived in Ottawa, Canada, heading the largest-ever Indian business delegation to Canada comprising industry leaders from over 100 companies.
The three-day visit covers Ottawa on May 25 and Toronto from May 26–27, 2026.
Bilateral trade currently stands at approximately USD 8.5 billion.
Both governments have set an ambitious shared target of expanding bilateral trade to USD 50 billion by 2030.
Both sides reaffirmed their commitment to conclude a balanced and mutually beneficial Comprehensive Economic Partnership Agreement (CEPA) by the end of 2026.
CEPA negotiations have moved swiftly since the Terms of Reference were signed in March 2025.
A first round of virtual talks was held in March 2026.
A second round of talks concluded on May 8, 2026.
A concurrent round of technical negotiations is underway in Ottawa from May 25–29, 2026.
The Indian business delegation includes leaders from sectors including energy, mining, automotive goods, pharmaceuticals, telecommunications, artificial intelligence, leather, and textiles.
Discussions with Canada's Minister of Agriculture and Agri-Food Mr. Heath MacDonald focused on strengthening bilateral cooperation in agriculture, with a focus on food security, sustainability, and agri-technology.
Both sides explored opportunities for collaboration in the food processing sector.
Discussions with Canadian Foreign Minister Ms. Anita Anand highlighted India's expanding infrastructure, renewable energy, logistics, digital infrastructure, and consumer sectors as offering significant opportunities for greater collaboration and long-term Canadian investments.
