India-Canada trade target: $70 billion in five years as CEPA talks speed up
Canada and India are targeting an increase in bilateral trade, aspiring to reach USD 70 billion in five years. Ongoing negotiations for a Comprehensive Economic Partnership Agreement are expected to conclude soon. Recently, the fifth round of negotiations is planned to take place in Ottawa on October 5. Both nations have emphasized the importance of collaboration in energy and critical minerals…
Canada and India are targeting to boost bilateral trade from USD 30 billion to USD 70 billion within five years, as free trade negotiations progress towards a Comprehensive Economic Partnership Agreement (CEPA), Canadian International Trade Minister Maninder Sidhu announced during the 2026 G20 Trade Ministers Meeting in Milwaukee.
Negotiations, which began in 2022, are expected to conclude in the coming months. Sidhu highlighted Canada's role as the largest collective investor in India, with over USD 100 billion in investments, and the potential for further cooperation in infrastructure projects, energy, and critical minerals. He emphasized the importance of energy and critical minerals in the strategic economic alignment between the two nations, noting that Canada's energy sector, particularly in natural gas and critical minerals, aligns well with India's growing demand.
The minister also noted the progress made in the past six months, with the fifth round of negotiations scheduled for October 5 in Ottawa, and the launch of Canada's LNG Canada Phase 2 project.
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