India, Canada reiterate commitment to complete trade deal by end of 2026
A joint statement, issued by the Finance Ministers of both countries following the conclusion of the inaugural India-Canada Finance Ministers’ Economic and Financial Dialogue in Toronto, said that India had expressed its readiness to begin negotiations on a Bilateral Investment Treaty “at the earliest”
Indian Finance Minister Nirmala Sitharaman and Canadian Finance Minister François-Philippe Champagne reaffirmed their nations' dedication to finalizing the India-Canada trade deal by the end of 2026 during the inaugural India-Canada Finance Ministers' Economic and Financial Dialogue in Toronto. The statement also highlighted India's willingness to commence discussions on a Bilateral Investment Treaty as soon as possible.
The dialogue, which commenced in March 2026, aimed to strengthen bilateral economic and financial cooperation, including the Comprehensive Economic Partnership Agreement (CEPA) negotiations slated for completion by the end of 2026. Both ministers discussed enhancing financial and commercial linkages between their countries, with the ultimate goal of bolstering bilateral trade to ₹4.65 lakh crore by 2030 from the ₹70,354 crore recorded in 2025-26.
They also explored ways to promote collaboration among Indian and Canadian financial institutions and investigate mutually beneficial investment opportunities across various sectors. Sitharaman emphasized the importance of bilateral relationships in the current global economic climate, citing Canada and India's complementary strengths and potential.
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