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India’s Goyal to visit Canada with 150 business leaders to boost trade ties
The visit aims to revive stalled trade talks and expand cooperation in technology, food processing, clean energy and critical minerals.
Commerce and Industry Minister Piyush Goyal will visit Canada from May 25 to 27, leading a delegation of nearly 150 industry leaders to strengthen bilateral economic and trade ties.
Diplomatic tensions previously slowed bilateral trade talks, prompting both nations to revive economic engagement while working to finalize a Comprehensive Economic Partnership Agreement by the end of 2026.
Canadian companies have invested nearly $100 billion in India, and Minister Goyal will meet representatives of the 'Maple 8' pension funds, which manage about 2.4 trillion Canadian dollars.
The minister will hold meetings in Ottawa and Toronto with Canadian Prime Minister Mark Carney and his counterpart, Maninder Sidhu, focusing on collaboration in technology, clean energy, and critical minerals.
Both nations aim to increase bilateral trade to $50 billion over the next five years, while Goyal stated India is looking to increase Canadian companies operating there from 600 to 1,000.