·
Maninder
Sidhu and Piyush Goyal reaffirmed their commitment to strengthening bilateral
trade and investment relations between India and Canada.
·
The
ministers emphasized the goal of achieving tangible economic outcomes that
support growth and create new commercial opportunities for businesses in both
countries.
·
Both
sides highlighted opportunities to deepen collaboration in sectors such as:
o clean energy,
o critical minerals,
o agri-food,
o advanced manufacturing,
o digital technologies,
o and skills development.
·
The
ministers reiterated their commitment to negotiating an ambitious and mutually
beneficial Comprehensive Economic Partnership Agreement (CEPA).
·
They
confirmed their shared objective of concluding CEPA negotiations by the end of
2026.
·
The
agreement is expected to:
o improve market access,
o strengthen resilient supply chains,
o and promote two-way economic growth.
·
The
two ministers launched the Canada-India Trade and Investment Forum.
·
The
forum aims to:
o connect Canadian and Indian business
leaders,
o encourage commercial partnerships,
o and increase business engagement between
the two countries.
·
Both
sides emphasized improving:
o people-to-people ties,
o business mobility,
o and direct commercial connections.
·
They
described these links as essential for expanding trade and investment flows.
·
Maninder
Sidhu announced that Canada will lead a “Team Canada” Trade Mission to India
later in 2026.
·
The
mission reflects growing Canadian business interest in the Indian market and
the ambition to deepen commercial cooperation.
·
India
and Canada agreed to continue promoting:
o long-term, high-quality investments,
o innovation partnerships,
o and institutional collaboration across
priority sectors.
·
The
ministers also committed to maintaining regular dialogue and advancing concrete
trade and investment outcomes in the coming months.
Canada-India Joint Statement
2026 Trade and Investment Forum
Minister
Sidhu and Minister Goyal reaffirmed their shared commitment to strengthening bilateral
trade and investment ties, to deliver tangible outcomes that support economic growth
and increased commercial opportunities for businesses in both countries. Building
on the momentum generated through recent ministerial engagement, Minister Sidhu
welcomed Minister Goyal and the largest Indian delegation ever sent anywhere in
the world, and underscored opportunities to deepen cooperation across complementary
sectors such as clean energy, critical minerals, agri‑food, advanced manufacturing,
digital technologies, and skills development.
Both
Ministers reiterated their commitment to advancing an ambitious and mutually beneficial
Comprehensive Economic Partnership Agreement (CEPA) and affirmed their shared objective
of concluding negotiations by the end of this year. They underscored CEPA’s importance
in expanding market access, supporting resilient supply chains, and enabling two‑way
economic growth.
The
Ministers launched the Canada-India Trade and Investment Forum as a key platform
that brings together Canadian and Indian business leaders and fosters new commercial
partnerships and increased business engagement.
The
Ministers also emphasized the importance of enhancing connectivity between India
and Canada — including people‑to‑people ties, business mobility, and
direct commercial linkages — as essential enablers of expanded trade and investment.
Minister
Sidhu confirmed that Canada will lead a Team Canada Trade Mission to India later
this year, reflecting the strong interest of Canadian businesses in expanding their
presence in the Indian market and the shared ambition to deepen commercial partnerships.
Canada
and India agreed to continue encouraging long‑term, high‑quality investment
in priority sectors and to support deeper collaboration between businesses, innovators,
and institutional partners in both countries. The Ministers committed to maintaining
regular dialogue and advancing concrete outcomes in the months ahead.