Overview
- Commerce Minister Piyush Goyal and Canadian Trade Minister Maninder Sidhu concluded the 7th Ministerial Dialogue on Trade and Investment in New Delhi and issued a joint statement.
- The ministers agreed to encourage long‑term partnerships in critical minerals and clean‑energy supply chains to support the energy transition.
- Both sides will identify and expand investment and trading opportunities in aerospace and dual‑use industrial capabilities.
- Bilateral trade reached $23.66 billion in 2024, with merchandise at $8.98 billion, up 10% year on year, alongside growing two‑way investment flows.
- They scheduled ministerial engagements with business early next year and underscored the need for more resilient, diversified supply chains, following direction from leaders at the G7 and an October 13 foreign‑ministers statement.