Reuters | 23 May 2026
India’s Goyal to visit Canada with 150 business leaders to boost trade ties
India's Trade Minister Piyush Goyal will visit Canada between May 25 and May 27, heading a delegation of about 150 Indian industry leaders as part of efforts to strengthen trade and investment ties between the two countries.
Goyal told a news briefing on Saturday that the delegation would hold meetings with Canadian ministers, business leaders and industry groups in Ottawa and Toronto.
- India and Canada have been seeking to revive economic engagement after diplomatic tensions slowed bilateral trade talks.
- India expects to sign a free trade agreement with Canada covering sectors such as energy and critical minerals, while creating opportunities for Indian textile and leather companies, Goyal said.
- During Prime Minister Mark Carney's visit to New Delhi in March, both countries agreed to finalise the terms of reference for negotiating a comprehensive economic partnership agreement.
- Goyal said discussions during the trip would focus on cooperation in technology, food processing, clean energy and critical minerals.
- Canadian pension funds and companies have invested nearly $100 billion in India and about 600 Canadian companies operate in India, with both sides aiming to raise that number to 1,000, Goyal said.
- India and Canada aim to reach $50 billion in bilateral trade over the next five years and increase Canadian investment, he said.
- Both countries have renewed discussions on a broader trade deal and maintain strong ties in agriculture, energy, education and technology.
