India and Canada have set a target to increase bilateral trade to $50 billion by 2030 while accelerating negotiations for a Comprehensive Economic Partnership Agreement (CEPA).

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• India and Canada targeted bilateral trade of $50 billion by 2030.
• Both countries aim to conclude CEPA negotiations by the end of 2026 or earlier.
• CEPA is expected to cover trade, services, investment and regulatory cooperation.
• Agreement may improve market access and reduce trade barriers between both countries.
• Current India-Canada trade estimates range between $17 billion and $25 billion.
• Canadian pension funds have invested nearly $100 billion in India.
• Trade talks focus on long-term investment and economic cooperation.
• Union Minister Piyush Goyal visited Canada from May 25 to 27, 2026.
• He met Canadian Prime Minister Mark Carney during the visit.
• India sent its largest-ever business delegation with more than 110 members.
• Canada also plans to send a “Team Canada” business delegation to India later in 2026.
• Energy, agri-food, technology and education are major sectors identified for cooperation.
• Energy partnership includes critical minerals, gas, uranium and renewable energy.
• Trade discussions resumed despite diplomatic tensions between both countries in 2023.
• Renewed talks indicate efforts to strengthen economic and strategic ties.