India-Canada Trade Talks: Piyush Goyal Leads Business Delegation to Boost Bilateral Ties, $50 Billion Trade Target Set
मुख्य बातें
- •Commerce Minister Piyush Goyal will lead a 150+ member business delegation to Canada from May 25 to strengthen economic ties and advance FTA negotiations.
- •The mission aims to boost bilateral trade from under USD 9 billion to USD 50 billion over five years and increase Canadian companies in India from 600 to 1,000.
- •Goyal will engage with Canada’s "Maple 8" pension funds, which manage CAD 2.4 trillion and have existing investments in India.
- •Easier market access for Indian textiles and leather, and potential Canadian investments in India’s uranium and critical minerals sector, are key negotiation points.
- •A US delegation is expected in India next month as the 150-day tariff review under Section 301 nears its July-end deadline.
New Delhi, May 23 — India’s Commerce and Industry Minister Piyush Goyal will embark on a high-profile trade mission to Canada starting May 25, aiming to strengthen bilateral economic relations through expanded market access for Indian textiles and leather, while exploring opportunities in uranium and critical minerals. The visit comes as both nations accelerate negotiations for a proposed free trade agreement (FTA), which resumed several months ago.
