New Delhi: Commerce and Industry Minister Piyush Goyal met with Canada's Minister of International Commerce, Maninder Sidhu, on Thursday to discuss measures to enhance bilateral commerce and promote investment.
Sidhu is in India to explore the potential to strengthen trade and investment links between the two countries.
“It was a pleasure to co-chair the 7th India-Canada Ministerial Dialogue on Trade and Investment as part of the New Roadmap 2025 along with @MSidhuLiberal, Canada's Minister of International Trade,” Goyal posted on the X social media platform.
The minister further stated that they discussed “avenues to strengthen bilateral trade, promote investments and deepen cooperation between our countries”.
During his India visit, Sidhu is set to promote Canada's commitment to supporting and growing the well-established commercial ties shared by Canada and India, including artificial intelligence, clean technology and digital industries, and explore new opportunities for partnerships that benefit workers and businesses in both countries, IANS reported.
"This visit to India will reinforce Canada's commitment to diversifying our trade relationships and attracting new investment," an official statement quoting Sidhu said. "As one of the fastest-growing major economies, India offers significant opportunities for Canadian businesses and workers. Our commercial ties continue to expand -- bilateral trade surpassed $30 billion in 2024 -- and there is even greater potential ahead,” the statement added.
India is a key partner as Canada strengthens its economic links in the Indo-Pacific region under a comprehensive strategy for the region. In 2024, India was Canada's seventh-largest goods and services trading partner, with two-way trade valued at $30.9 billion.
Meanwhile, External Affairs Minister (EAM) S. Jaishankar and his Canadian counterpart, Anita Anand, held discussions on strengthening cooperation across key sectors, including trade, energy and security. Both leaders met on the sidelines of the G7 Foreign Ministers' Meeting in Niagara.
EAM Jaishankar also praised the progress made under the New Roadmap 2025, aimed at enhancing bilateral ties between India and Canada and expressed hope for rebuilding a stronger partnership.