HOME > MARKETS > ECONOMY NEWS
  ECONOMY NEWS
ECONOMY
India, Canada discuss ways to promote bilateral trade, investments
Nov-14-2025

India and Canada have held discussions on ways to promote bilateral trade and investments besides advancing collaborations in areas, including supply chain resilience, and health sectors. The issues were discussed during the India-Canada Ministerial Dialogue on Trade and Investment (MDTI) meeting. The commerce ministry has noted that the ministers from both sides reaffirmed their commitment to fostering an open, transparent, and predictable business environment that supports sustainable growth. Further, both sides have reviewed recent trade policy developments, covering trade in goods and services, and exchanged views to enhance market access, promote regulatory alignment, and support long-term economic resilience.

The discussions hold significance as Canada had paused negotiations for a free trade agreement with India in 2023. The India-Canada relations hit rock bottom following then Prime Minister Justin Trudeau's allegations in 2023 of a potential Indian link to the killing of Hardeep Singh Nijjar. India had dismissed Trudeau's accusation as ‘absurd’. During 2023, bilateral trade of goods and services between two countries stood at $18.38 billion. 

In 2024-25, India's exports to Canada rose 9.8 per cent to $4.22 billion from $3.84 billion in 2023-24. However, imports from Canada dipped 2.33 per cent to $4.44 billion in the last fiscal year from $4.55 billion in 2023-24. Meanwhile, ties between two countries have saw an improvement following the talks between Prime Minister Narendra Modi and his Canadian counterpart Mark Carney on the margins of the G7 summit at Canada's Kananaskis in June.

  RELATED NEWS >>