Union Commerce & Industry Minister Shri Piyush Goyal is leading a high-level Indian delegation to Canada from 25-27 May to advance discussions on the proposed India-Canada Comprehensive Economic Partnership Agreement (CEPA) and strengthen bilateral trade and investment ties.
Mr. Anoop Mehta, Convener – Diamond Panel, GJEPC, is representing the Council as part of the Indian delegation accompanying the Minister. The delegation comprises senior representatives from more than 100 Indian businesses across sectors.
India-Canada bilateral merchandise trade stood at around USD 8.6 billion in FY2024-25, while bilateral services trade reached approximately USD 14.3 billion in 2024. Both countries are aiming to significantly expand trade ties, with a long-term target of USD 50 billion in bilateral trade by 2030. India imported rough diamonds worth USD 62.97 million from Canada in FY2025-26.
During the visit, Shri Goyal is scheduled to meet Canadian Minister of International Trade Mr. Maninder Sidhu, Prime Minister Mr. Mark Carney, senior government officials, business leaders, startups and investment institutions to review progress on CEPA negotiations and explore new avenues for economic cooperation.