Overview
- Trade ministers Maninder Sidhu and Piyush Goyal co-chaired the 7th Ministerial Dialogue on Trade and Investment in New Delhi and issued a joint statement titled “Renewing Momentum towards a Stronger Partnership.”
- The talks prioritized market access, regulatory alignment, investment facilitation, and sectoral cooperation on nutritional security, supply-chain resilience, and health.
- Sidhu said both sides have begun early discussions on a “new process” to restart broader negotiations paused in 2023.
- Engagement centered on collaboration and investment in critical minerals, clean energy, artificial intelligence, agriculture, aerospace, and digital industries, with Canada inviting Indian capital for mining and infrastructure.
- Two-way trade totaled about $31 billion in 2024, and Sidhu will attend the CII Partnership Summit in Visakhapatnam on November 14, while he said Goyal plans to visit Canada soon with a trade and investment delegation.