Summary:

To improve bilateral commercial relations, Union Commerce and Industry Minister Piyush Goyal travelled to Canada with the largest-ever Indian business delegation, which included representatives from more than 100 companies. The goal of the three-day trip to Ottawa and Toronto from May 25– 27 is to advance talks for the planned Comprehensive Economic Partnership Agreement (CEPA) between India and Canada and to increase collaboration in trade, investment, technology, agriculture, other key areas. Mr. Goyal reiterated India's commitment to greater economic cooperation during his meeting with top ministers and Canadian Prime Minister Mark Carney. The planned CEPA may be a "game changer" for bilateral commerce, according to Canada. By 2030, both countries hope to boost trade from US$8.5 billion to US$50 billion through more robust collaborations, investments, and cross-sector commercial dealings.

Source: IBEF

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