The pact will be important for expanding market access, supporting resilient supply chains, and enabling two-way economic growth
The two countries are negotiating a Comprehensive Economic Partnership Agreement (CEPA). The third round of negotiations is underway in Ottawa
Piyush Goyal pitched India as a long-term investment destination during his Canada visit as both countries accelerate negotiations for the proposed CEPA trade agreement
Goyal also held a series of bilateral meetings with business representatives to discuss investment opportunities in India and areas of increasing collaborations
Carney, after a meeting with Goyal, called the Cepa between the two nations a "game changer".
Goyal said that he has arrived in Ottawa with the largest Indian business delegation in the country's history, showcasing India's commitment to the relationship
Piyush Goyal's Canada visit is set to push CEPA talks forward, with energy security, clean energy and trade diversification in focus
He also said that while the world is going through a turmoil, India is relentlessly rising on global stage as it is recording health growth in exports and foreign direct investment (FDI)
He said that a series of meetings is in the pipeline with leaders and businesses in Ottawa and Toronto
According to the minister, the Centre expects states to provide a favourable environment to encourage industrial development
Piyush Goyal reviews plans to boost domestic manufacturing and reduce imports amid supply chain disruptions linked to the West Asia crisis
Centre rolls out measures at JNPA to ease container congestion and protect supply chains amid disruptions linked to the West Asia crisis
The upcoming visit will mark the first minister-level discussions between India and Canada after the signing of the terms of reference for the free trade agreement in March
Goyal said the government has no plans to cut non-essential imports into India as of now
Goyal added that India needs to work closely with the US in areas such as technology, innovation, high-precision defence, digital data centres, quantum computing equipment, and medical devices
India's CAD rose to $13.2 billion, or 1.3 per cent of GDP, in the December quarter from $11.3 billion in the year-ago period, mainly due to a wider trade gap
Commerce Minister Piyush Goyal urged Indian industry to use upcoming FTAs to boost exports and avoid a surge in imports
Goyal urges industry to cut import dependence as rupee hits fresh low and exports push intensifies
Piyush Goyal urges industry to cut import dependence, boost domestic manufacturing and help India achieve $1 trillion exports target
Services shipments too surged to an all-time high of $421.32 billion in 2025-26, compared to $387.55 billion in 2024-25, recording a growth of 8.71 per cent