India, Canada Push For $50 Billion Trade Deal
India and Canada are looking to fast-track negotiations for a proposed free trade agreement as both countries move to rebuild economic ties after a period of diplomatic strain. The two sides are aiming to raise bilateral trade to $50 billion by 2030.
India Canada Trade Deal Talks Accelerate
Canadian Prime Minister Mark Carney said the proposed free trade deal with India could be a “game changer” for Canadian workers and businesses by opening access to a large and growing market.
Commerce and Industry Minister Piyush Goyal, who is visiting Canada, said both countries are working quickly to conclude the agreement. The talks are part of a wider reset in India-Canada relations after earlier tensions affected diplomatic and commercial engagement.
Bilateral Trade Target Set At $50 Billion
India and Canada are aiming to triple bilateral trade to $50 billion by 2030 from the current level of around $17 billion.
The proposed agreement is expected to focus on goods, services, investment, energy, agriculture, technology, education and supply chain cooperation. India is also looking to expand market access for its businesses while attracting Canadian investment.
Business Delegation Signals Economic Reset
Goyal’s visit includes meetings with Canadian leaders, business executives, startups and pension funds. India has also sent one of its largest business delegations to Canada, reflecting renewed interest in commercial engagement.
The trade push comes as both countries seek to diversify economic partnerships and reduce overdependence on limited markets. If concluded, the agreement could become a major step in restoring momentum to India-Canada relations.
