Overview
- The five-day round featured detailed engagements on trade in goods and services, rules of origin, investment, and economic cooperation.
- Commerce Minister Piyush Goyal and Trade Minister Todd McClay acknowledged steady progress and reaffirmed the goal of a modern, comprehensive, future-ready agreement.
- Both sides agreed to maintain momentum through inter-sessional technical work and continued discussions across all chapters aiming for early convergence.
- The Commerce Ministry said the proposed pact is expected to enhance trade flows, deepen investment linkages, and bolster supply-chain resilience with opportunities in agriculture, food processing, renewable energy, pharmaceuticals, education, and services.
- Bilateral merchandise trade reached $1.3 billion in FY 2024–25, marking nearly 49% year-on-year growth.