India Canada Trade

Recent Trends and Developments

• India and Canada signed the Terms of Reference (ToR) for the proposed Comprehensive Economic Partnership Agreement (CEPA), formally relaunching negotiations to strengthen India Canada trade and investment cooperation and the broader India Canada economic partnership.
• The two countries have completed multiple rounds of CEPA negotiations, covering areas such as trade in goods and services, investment, rules of origin, intellectual property, sanitary and phytosanitary measures, and technical barriers to trade, while reaffirming their commitment to conclude the agreement by the end of 2026.
• India and Canada launched the Canada–India Trade and Investment Forum (CITIF) to strengthen business-to-business engagement, promote investment, improve commercial connectivity and identify new opportunities for bilateral economic cooperation.
• Through the Ministerial Dialogue on Trade and Investment (MDTI), both countries have renewed efforts to deepen economic engagement by promoting investment, enhancing supply chain resilience and expanding collaboration in priority sectors including clean energy, critical minerals, agri-food, advanced manufacturing, digital technologies and skills development.
• India's largest-ever business delegation to Canada reinforced commercial engagement between the two countries, reflecting growing interest in expanding bilateral trade, investment and long-term business partnerships.
• The Deloitte Global Economic Outlook 2026 notes that Canada's economy is expected to grow modestly in 2026, supported by business investment, infrastructure spending, and policy measures despite geopolitical uncertainty and trade-related headwinds.
• Air India announced the reinstatement of its codeshare agreement with Air Canada, effective December 2, 2025, enhancing connectivity between India and Canada. The partnership will provide seamless access to multiple destinations in Canada and domestic India routes via shared gateways, offering passengers single-ticket travel, unified baggage allowance and frequent flyer benefits. The move is expected to ease travel for over two million annual India–Canada travellers and strengthen Star Alliance connectivity.
• On July 1, 2025, the Canada-India Business Council expanded its Advisory Council following Prime Minister Mr. Narendra Modi’s G7 visit to strengthen bilateral trade ties. The move boosts collaboration in sectors like clean energy, tech, and infrastructure.
• India, Australia and Canada agreed to establish a new trilateral framework, the Australia–Canada–India Technology and Innovation (ACITI) Partnership, aimed at strengthening cooperation in critical and emerging technologies. The partnership will complement existing bilateral initiatives and leverage the respective strengths of the three countries, with a focus on green energy innovation, resilient and diversified supply chains, including critical minerals, and advancing collective ambitions towards net-zero goals.
• Addressing the Indo-Canadian Business Chamber in New Delhi, Union Minister Mr. Piyush Goyal highlighted strong India–Canada complementarities in critical minerals, clean and nuclear energy, emerging technologies, and supply-chain diversification. He noted that both countries have agreed to pursue a high-ambition Comprehensive Economic Partnership Agreement and double bilateral trade by 2030, underscoring mutual trust and investor confidence. Emphasising India’s robust economic fundamentals, clean energy scale-up, and technology-driven growth, he invited Canadian businesses to partner in India’s journey towards becoming a developed nation by 2047.
• An official Indian delegation participated in the Toronto International Film Festival (TIFF) in September 2024.
• In February 2024, a meeting took place in Krishi Bhawan, New Delhi, between Minister of State for Agriculture & Farmers’ Welfare Ms. Sushri Shobha Karandlaje, and Premier of Saskatchewan, Canada H.E. Mr. Scott Moe. They discussed the ongoing trade relationship, highlighting Saskatchewan's role as a reliable supplier of pulses, potash, and agricultural technologies. MoS Karandlaje emphasized the importance of this partnership for India's energy and food security and proposed enhanced cooperation in biotechnology, Agri-tech, and wastewater treatment, along with regular Technical Group meetings for knowledge exchange and technology transfer in sustainable agriculture.
• Two MoUs were renewed at the 7th India-Canada Joint Science and Technology Cooperation Committee (JSTCC) meeting that took place in Ottawa, setting priorities for the next period in a variety of innovative fields. The focus areas of the collaboration include national missions, quantum computing, artificial intelligence (AI), and cyber-physical systems, among others. Many Indian students studying in Canadian universities will benefit from the collaboration.
• Canada has agreed to examine the request for Conformity Verification Body (CVB) status to APEDA (Agricultural and Processed Food Products Export Development Authority) for hassle-free export of Indian organic products.
• The bilateral relationship between India and Canada could get a major boost next year, with as many as eight Canadian cabinet ministers and Prime Minister Justin Trudeau expected to visit to participate in G20 events.
• India and Canada are aiming to seal an initial agreement in 2023 to increase their trade and expand investment while setting out a mechanism to deal with disputes.
• India and Canada held the sixth Ministerial Dialogue on Trade & Investment (MDTI) in Ottawa on May 8, 2023, co-chaired by Mr. Piyush Goyal, Union Minister of Commerce and Industry, Consumer Affairs and Food, and Public Distribution and Textiles, Government of India and Ms. Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development, Government of Canada. The Ministers emphasised the solid foundation of the trade and economic relationship between India and Canada and recognized the significant opportunity to deepen bilateral ties and economic partnership.
• On July 19, 2023, a meeting was convened in New Delhi between Mr. Andrew Brown, Associate Deputy Minister of Employment and Social Development, Govt. of Canada, and the Secretaries of Ministry of Social Justice and Empowerment, Govt. of India. The focus was on understanding the Ministry's commitment to the welfare, social justice, and empowerment of marginalized communities, with a particular emphasis on the direct digital/DBT mode of benefit payments to beneficiaries.
• India Post has agreed with Canada Post to launch the International Tracked Packet Service (ITPS) from July 01, 2023, facilitating e-commerce exports. The ITPS, operational in 39 countries, is designed to meet cross-border shipping needs for e-commerce exporters, including MSMEs.
• On June 20, 2023, the Minister of Fisheries, Animal Husbandry, and Dairying, Mr. Parshottam Rupala, engaged in a bilateral meeting with Canada's Minister of Agriculture and Agri-Food, Ms. Marie-Claude Bibeau. The discussions centered on enhancing India-Canada friendship by exploring potential cooperation in areas such as livestock health management, genetic upgradation of livestock, biosecurity measures, and capacity building.