India Expresses Readiness to Initiate Negotiations on Investment Treaty with Canada
The ministers agreed to open investment treaty talks and deepen cooperation on payments, capital markets and strategic sectors as trade reached about $8 billion in 2025-26.
- On Friday, August 28, 2026, Corporate Affairs Minister Nirmala Sitharaman and Canadian Minister of Finance and National Revenue Francois-Philippe Champagne concluded the inaugural Canada-India Finance Ministers' Economic and Financial Dialogue in Toronto, setting a CAD 70 billion bilateral trade target by 2030.
- The dialogue builds on the commitment made by Prime Minister Mark Carney and Prime Minister Narendra Modi during their meeting in New Delhi in March 2026 to strengthen bilateral economic cooperation, including concluding CEPA talks by year-end.
- Ministers explored deeper collaboration on FinTech innovation and payments modernisation, noting the 'substantial presence of Canadian pension funds' in India and welcoming opportunities to broaden India's Unified Payments Interface in Canada.
- According to the Ministry of Commerce and Industry, India-Canada bilateral merchandise trade stood at around USD 8 billion in 2025-26, with exports at USD 4.67 billion and imports at USD 3.28 billion.
- The next Canada-India Economic and Financial Dialogue is scheduled for 2027, as both sides reaffirmed their commitment to advancing 'concrete cooperation and tangible outcomes' in areas of mutual interest.
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India, Canada reiterate commitment to complete trade deal by end of 2026
A joint statement, issued by the Finance Ministers of both countries following the conclusion of the inaugural India-Canada Finance Ministers’ Economic and Financial Dialogue in Toronto, said that India had expressed its readiness to begin negotiations on a Bilateral Investment Treaty “at the earliest”
India, Canada Ready to Negotiate Investment Treaty, Target ₹4.65 Lakh Cr Trade by 2030
The ministers reaffirmed their commitment to strengthening bilateral economic and financial ties through regular dialogue and advancing \"concrete cooperation and tangible outcomes\" in areas of mutual interest
India To Initiate Negotiations on Bilateral Investment Treaty with Canada; Aims for Rs 4.65 Lakh Cr Trade by 2030
The two sides also welcomed the growing investment relationship between India and Canada and recognised the role of long-term institutional capital in strengthening bilateral economic ties.
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