Canada, India Strengthen Ties Amid Growing Trade Opportunities

Canada’s Minister of International Trade Maninder Sidhu said, “Canada and India share a strong, growing economic partnership that is creating real opportunities for Canadian workers and businesses” | World News

Image source: Internet

The Canadian government has stated that relations with India continue to see 'positive momentum' following a successful three-day visit by Commerce and Industry Minister Piyush Goyal.

The visit, which brought the largest ever trade delegation to anywhere in the world, aims to advance commercial ties and accelerate progress towards doubling bilateral trade by 2030.

Canada's Minister of International Trade Maninder Sidhu emphasized the 'shared commitment' to advance the comprehensive economic partnership agreement (CEPA) negotiations, double two-way trade, and deepen commercial ties as Canada diversifies its global trade.

The ministers issued a joint statement reaffirming their shared commitment to strengthening bilateral trade and investment ties and delivering tangible outcomes that support economic growth and increased commercial opportunities for businesses in both countries.

Canada is attempting to double exports to markets beyond the United States over the next decade, including doubling two-way trade with India to CA$ 70 billion annually by 2030.