India, Canada Advance Trade Talks
Analysis based on 8 articles · First reported May 28, 2026 · Last updated May 29, 2026
The ongoing trade agreement talks between India and Canada, with a pragmatic approach to avoid sensitive sectors, are expected to boost bilateral trade from $17 billion to $50 billion by 2030. This could positively impact various industries in both nations, particularly those involved in technology, infrastructure, and renewable energy, attracting significant institutional investments from entities like Ontario Teachers Pension Plan and PKS Investments.
India and Canada are currently engaged in the third round of negotiations for a Comprehensive Economic Partnership Agreement (CEPA) in Ottawa. Both nations, represented by India's Commerce and Industry Minister Piyush Goyal and Canada's trade minister Maninder Sidhu, have adopted a pragmatic approach, focusing on areas of convergence and avoiding sensitive sectors like agri-commodities and dairy to accelerate the agreement. The goal is to conclude the negotiations by year-end and significantly increase bilateral trade from the current $17 billion to $50 billion by 2030. During his visit to Canada, Piyush Goyal also actively courted institutional investors, including Ontario Teachers Pension Plan and PKS Investments, highlighting India's strong intellectual property protections, its third-largest startup ecosystem, and advanced digital public infrastructure, seeking investments in sectors such as AI, cleantech, agritech, deep tech, infrastructure, renewables, financial services, healthcare, and the digital economy.
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